According to Bloomberg, Hidden Road Partners, a digital asset and foreign exchange brokerage firm, completed a $50 million financing, with participation from Citadel Securities, FTX Ventures, and Coinbase Ventures. The firm assumes counterparty risk on behalf of clients and cryptocurrency exchanges or market makers, allowing them to deposit U.S. dollars as collateral in a “three-party” setup with a custodian and collect profits and losses in U.S. dollars. Clients can trade with the trading platform as well as liquidity providers including Virtu Financial Inc., Optiver BV and Wintermute Trading Ltd. Hidden Road Partners was founded in 2018 by Marc Asch, having previously worked with Steven Cohen's hedge funds SAC Capital and Point72 Asset Management.