Ripple Expands Brevan Howard Partnership to Include Prime Brokerage Services
Ripple has extended its existing relationship with Brevan Howard, the $35 billion alternative investment manager, by adding prime brokerage, clearing, and financing services through Ripple Prime. The move signals Ripple's ambition to build out a full-service institutional financial infrastructure beyond its core payments business.
Ripple has deepened its ties with Brevan Howard, one of the largest alternative investment managers in the world with approximately $35 billion in assets under management. The expanded arrangement will see Ripple Prime provide prime brokerage, clearing, and financing services to funds managed by the firm.
The deal represents a meaningful step in Ripple's strategy to build institutional-grade financial infrastructure around XRP and digital assets more broadly. Prime brokerage services are a cornerstone of how large institutional funds operate, and extending these capabilities to a manager of Brevan Howard's scale carries considerable weight.
This development follows a broader pattern of Ripple positioning itself as a financial services provider rather than solely a payments technology company. The addition of clearing and financing to the relationship suggests Ripple Prime is maturing into a more comprehensive offering for institutional counterparties.
Key facts
- •Ripple Prime is expanding its deal with Brevan Howard, a $35 billion alternative investment manager
- •Services added include prime brokerage, clearing, and financing
- •This extends a pre-existing relationship between the two firms
- •The deal targets funds managed by Brevan Howard