U.Today
Cointelegraph
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partnership
Ripple (XRP) Scores Another Major Wall Street Win With Brevan Howard
8Importance
closedStatus
13News media
13Pieces
- Published
- Updated
- Since then
- 12 new reports
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.
Key claims & sources
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Ripple Prime will provide multi-asset prime brokerage, clearing, and financing to Brevan Howard funds.
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Brevan Howard and Ripple described the arrangement as an expansion of their existing relationship.
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Brevan Howard had previously put money into Ripple last year.
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Brevan Howard oversees about $35 billion in assets.
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The agreement adds Brevan Howard to Ripple Prime as a client for multi-asset services.
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Ripple Prime will handle prime brokerage, clearing, and financing across traditional and digital markets for Brevan Howard funds.
What it means
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.
Market reaction i
0.0%
2 h before
-0.7%
4 h after
$1.51price at publication
12data points
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
Oct 6 13:17
CP
CryptoPotato
scoop
Breaks the event
+0 min
Coinpedia
echo
Oct 6 13:17
Coinpedia
echo
No new facts: coinpedia, fintech, today
+1 h 9 m
Oct 6 14:26
+1 h 19 m
The Block
echo
Oct 6 14:36
No new facts: tie
+2 h 7 m
Oct 6 15:24
+3 h 27 m
Unchained
context
Oct 6 16:44
Unchained
context
Its angle: newsletter, endowments, operating; with quotes
+4 h
Crypto Briefing
echo
Oct 6 17:17
Crypto Briefing
echo
No new facts: underscores, increasing, enhancing
+4 h 47 m
crypto.news
echo
Oct 6 18:04
No new facts: overseeing, oct
+1 d 2 h
ZyCrypto
echo
Oct 7 15:24
ZyCrypto
echo
No new facts: established, connection, confidence
+1 d 2 h
Crypto Economy
adds
Oct 7 16:16
Crypto Economy
adds
Adds $500M and $200M
+1 d 4 h
NewsBTC
echo
Oct 7 18:00
NewsBTC
echo
No new facts: counterparties, distinction, stablecoins
+1 d 15 h
Oct 8 04:25
CR
Cryptopolitan
echo
No new facts: sophisticated, collaboration, executives; with quotes
+1 d 17 h
Cryptonews.com
echo
Oct 8 07:10
Cryptonews.com
echo
No new facts: increasingly, participated, affiliates
Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 34 days ago | XRP Seoul Event : XRPL Eyes $30B in Tokenized Real-World Assets event | 1 actors in common · 2 news media |
| 34 days ago | XRP Asia launches to push XRP Ledger adoption across the region event | 1 actors in common · 3 news media |
| 37 days ago | Brazil’s CSD BR partners with Ripple to mirror securities records on XRP Ledger event | 1 actors in common · 16 news media |