# Hidden Road

**Canonical:** https://apis.io/providers/hidden-road/  
**Website:** https://ripple.com/products/prime-brokerage/  
**APIs profiled:** 2

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.

## Kin Score — 26.0 / 100 (emerging)

Scored 2026-08-25 under rubric 0.14.0. Trend: flat (-0.7 from 26.7).

| Facet | Score |
|---|---|
| Discoverability | 79.6 |
| Contract Quality | 0.0 |
| Governance | 18.2 |
| Contract Governance | 18.2 |
| Operational Transparency | 0.0 |
| Developer Ergonomics | 4.8 |
| Commercial Clarity | 43.4 |
| Access Clarity | 43.4 |

Regulatory layer — **Securities & Market Data**: 76.7 (matched via tags).

## Agent readiness — 17.6 (agent-aware)

| Dimension | Value |
|---|---|
| Spec Presence | no |
| Agentic Access | no |
| Reversibility Documented | no |
| MCP Server | no |
| Auth Clarity | served |
| Idempotency | no |
| Error Semantics | no |
| OpenAPI Examples | no |
| Rate Limit Signal | documented |
| Event Surface Described | no |
| Agent Skills | no |
| Well Known Catalog | no |
| Consent Identity | no |
| Agent Card | no |
| Dry Run Mode | no |
| Delegated Identity | served |
| Protected Resource Metadata | no |
| Dynamic Client Registration | yes |
| Agentic Commerce | no |

## APIs (2)

- **Hidden Road API (v0)** — 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...
- **Hidden Road MiCA Post-Trade Transparency Feed** — 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 transp...

## Security (4)

- **Hidden Road Authentication** — 2 schemes
- **Hidden Road Domain Security** — TLSv1.3 · HSTS · DMARC
- **Hidden Road Vulnerability Disclosure** — Bugcrowd
- **Hidden Road Trust Center** — SOC 2 Type II, ISO 27001

## Plans (1)

- **Hidden Road Plans Pricing**

## Tags

Company, Financial Services, Prime Brokerage, Clearing, Digital Assets, Foreign Exchange, Capital Markets, Trading, Institutional Finance, Collateral Management, Risk Management, Regulated

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Profiled by [API Evangelist](https://apievangelist.com) and published on [APIs.io](https://apis.io/providers/hidden-road/). Scores are computed from the provider's own public artifacts under a published rubric.