aid: hidden-road
name: Hidden Road
description: >-
  Hidden Road is a global, multi-asset non-bank prime broker and clearing firm serving
  institutional counterparties across digital assets, foreign exchange, precious metals,
  exchange-traded derivatives, OTC swaps and fixed-income repo. Ripple acquired Hidden Road
  for $1.25B in 2025 and now operates it as Ripple Prime; hiddenroad.com redirects to
  ripple.com/products/prime-brokerage/. Hidden Road ships a real, customer-only API suite —
  the Account Activity API (streamed balances, trades, positions and fees over a bitemporal
  store), the Risk API (real-time margin utilisation and tail-risk metrics), the Automated
  Treasury Management API (programmatic collateral and credit-limit distribution) and an OTC
  surface — served from https://api.hiddenroad.com/v0/ behind an Auth0 OAuth 2.0 / OIDC
  authorization server at auth.hiddenroad.com. No public reference, OpenAPI, SDK or sandbox
  documentation is published; the only machine-readable artifact a member of the public can
  read is the daily MiCA post-trade transparency CSV feed the firm's Netherlands entity
  publishes under its EU regulatory obligation.
url: https://raw.githubusercontent.com/api-evangelist/hidden-road/refs/heads/main/apis.yml
image: https://static.hiddenroad.com/images/logo.png
x-type: company
x-source: harvest:secondary-market
specificationVersion: '0.20'
created: '2026-08-22'
modified: '2026-08-22'
tags:
- Company
- Financial Services
- Prime Brokerage
- Clearing
- Digital Assets
- Foreign Exchange
- Capital Markets
- Trading
- Institutional Finance
- Collateral Management
- Risk Management
- Regulated
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com
- FN: APIs.json
  email: info@apis.io
apis:
- name: Hidden Road API (v0)
  description: >-
    The Hidden Road prime brokerage and clearing API suite, announced generally available on
    2023-05-04. Four service surfaces are confirmed live under https://api.hiddenroad.com/v0/ —
    accountactivity, metrics (risk), atm (automated treasury management) and otc. Every path
    answers 401 Unauthorized rather than the API Gateway 403 "Missing Authentication Token"
    served for unrouted paths, which is how each route was confirmed to exist without
    credentials. Access is OAuth 2.0 bearer, issued by the Auth0 tenant at auth.hiddenroad.com
    with audience https://api.hiddenroad.com/v0/. No public reference or OpenAPI is published.
  humanURL: https://ripple.com/products/prime-brokerage/
  baseURL: https://api.hiddenroad.com/v0
  tags:
  - Prime Brokerage
  - Clearing
  - Collateral Management
  - Risk Management
  - Trading
  properties:
  - type: Authentication
    url: authentication/hidden-road-authentication.yml
  - type: OAuthScopes
    url: scopes/hidden-road-scopes.yml
  - type: ErrorCatalog
    url: errors/hidden-road-problem-types.yml
  - type: Conventions
    url: conventions/hidden-road-conventions.yml
  - type: OpenIDConnect
    url: well-known/hidden-road-openid-configuration.json
- name: Hidden Road MiCA Post-Trade Transparency Feed
  description: >-
    A daily CSV feed of OTC spot crypto-asset transactions executed by Hidden Road Partners CIV
    NL B.V., published under the EU Markets in Crypto-Assets Regulation post-trade transparency
    obligation. Files follow a stable, dated key pattern
    (YYYY-MM-DD_mica_civnl_otcspot.csv) and a fixed 13-column ESMA-shaped schema. Public,
    unauthenticated and current — the series runs from 2025-03-02 to the previous business day.
  humanURL: https://ripple.com/legal/compliance/
  baseURL: https://static.hiddenroad.com/mica-post-trade-transparency
  tags:
  - Regulatory Reporting
  - Digital Assets
  - Market Data
  - MiCA
  properties:
  - type: Conformance
    url: conformance/hidden-road-conformance.yml
common:
- type: TrustCenter
  url: security/hidden-road-trust-center.yml
- type: DomainSecurity
  url: security/hidden-road-domain-security.yml
- type: Website
  url: https://ripple.com/products/prime-brokerage/
- type: Login
  url: https://portal.ops.hiddenroad.com/
- type: HelpCenter
  url: https://support.hiddenroad.com/hc/en-us
- type: Support
  url: https://ripple.com/contact/sales/
- type: TermsOfService
  url: https://ripple.com/legal/terms-of-use/
- type: PrivacyPolicy
  url: https://ripple.com/legal/privacy-policy/
- type: Compliance
  url: https://ripple.com/legal/compliance/
- type: Conformance
  url: conformance/hidden-road-conformance.yml
- type: Lifecycle
  url: lifecycle/hidden-road-lifecycle.yml
- type: Plans
  url: plans/hidden-road-plans-pricing.yml
- type: RateLimits
  url: rate-limits/hidden-road-rate-limits.yml
- type: LLMsTxt
  url: llms/hidden-road-llms.txt
- type: WellKnown
  url: well-known/hidden-road-well-known.yml
x-enrichment:
  date: '2026-08-22'
  status: enriched
  artifacts_added: 17
  pass: local-v1