Hidden Road announces $50 million Series A round led by Castle Island Ventures
Quick Take
- Castle Island Ventures led the $50 million raise which included a host of well known names such as Citadel Securities, FTX Ventures, Wintermute and more.
Hidden Road Partners announced on Thursday that it has closed a $50 million Series A round led by Castle Island Ventures.
Citadel Securities, FTX Ventures, Uncorrelated Ventures, Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures among others also joined the round, per the release.
According to the statement, Hidden Road hopes to solve “many of today's problems in credit intermediation and prime brokerage caused by legacy technology, archaic workflows and conflicts of interest.”
The firm’s platform is “quantitatively-driven” and provides real-time risk management and “seamless credit across, products and asset classes.” Hidden Road offers prime brokerage, clearing and financing services for both traditional and digital assets.
Matt Walsh, general partner at Castle Island Ventures told The Block: "Hidden Road is offering a range of products that we see as essential for institutions entering the digital assets market. We are excited to be investing behind this great team."
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