Ripple (XRP) Scores Another Major Wall Street Win With Brevan Howard
Ripple expanded its relationship with Brevan Howard, with Ripple Prime set to provide multi-asset prime brokerage, clearing, and financing to the firm’s funds. The deal was described as an expansion of an existing relationship, and several pieces note Brevan Howard’s prior investment in Ripple and its roughly $35 billion in assets. The announcement places Ripple’s institutional services more squarely alongside traditional and digital market activity.
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Brevan Howard’s funds now have Ripple Prime as a service provider, so the change is visible to the hedge fund, its counterparties, and the market-infrastructure side of crypto starting from the announcement date. The deal matters most where firms need prime brokerage, clearing, and financing across more than one asset class, because that is the service package named in the update.
Before this expansion, the relationship between the two firms was narrower; after it, Ripple Prime is being used for multi-asset prime brokerage, clearing, and financing. What stays the same is that the information still describes a relationship centered on institutional services, not a change in Ripple’s core business line.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 17 days ago | Brazil’s CSD BR partners with Ripple to mirror securities records on XRP Ledger event | 1 actors in common · 16 news media |