Hidden Road Engages in Acquisition Talks with Crypto Firm

According to PANews, sources have revealed that Hidden Road, a brokerage firm specializing in both crypto and traditional assets, is in discussions to acquire a cryptocurrency company. Investment bank FT Partners is advising on the potential deal. However, it remains uncertain whether the transaction will be finalized, and Hidden Road has not commented on the matter. Over the past year, Hidden Road has raised approximately $50 million, with investors including Dragonfly Capital. Reports suggest that one of these investors has expressed interest in acquiring the firm. Previously, it was reported that Hidden Road was considering either a sale or additional fundraising, with its valuation potentially exceeding $1 billion.