The encrypted broker Hidden Road may be acquired by an encryption company, negotiations are underway

According to sources, Hidden Road, a broker specializing in cryptocurrency and traditional assets, is in talks with a crypto company about acquisition matters, with investment bank FT Partners providing consultation. It is not yet certain whether the transaction will be completed and Hidden Road has not responded.

Hidden Road has raised approximately $50 million over the past year from investors including Dragonfly Capital. Reports suggest that one of the investors has expressed an intention to acquire. Previous reports indicated that the company was considering selling or financing, potentially valued at over $1 billion.