Ripple expands Brevan Howard deal with prime brokerage services
Ripple Prime has expanded its agreement with global investment manager Brevan Howard, which manages around $35 billion in assets. Under the new deal, Brevan Howard-affiliated funds will access multi-asset prime brokerage, clearing, and financing services across both traditional and digital asset markets. This expansion builds upon the firms' existing relationship, highlighting Ripple’s growing role in institutional digital asset services.
Details of the Collaboration and Its Expansion
Ripple Prime offers multi-asset prime brokerage, clearing, and financing services to funds managed by Brevan Howard. The expanded agreement grants Brevan Howard access to these services across both traditional and digital asset markets, building on an existing business relationship between the firms.
Brevan Howard-affiliated funds previously invested $500 million in Ripple in 2025, which valued Ripple at $40 billion.
Context and Growth Prospects
Alan McGroarty, Chief Operating Officer at Brevan Howard, emphasized the growing need for institutional-grade digital asset infrastructure that provides a seamless experience for investors bridging traditional and digital markets.
Brevan Howard serves global clients including sovereign wealth funds, corporate and public pension plans, foundations, and endowments. Ripple Prime's expansion is part of a broader strategy driven by a recent $275 million senior note offering to fund growth in prime brokerage, financing, and multi-asset clearing, following Ripple’s $1.25 billion acquisition of the prime broker Hidden Road in 2025.
Why it matters
This news is significant as it highlights the deepening integration of digital assets into institutional investment frameworks by major asset managers. Ripple’s extension of prime brokerage services to a large player like Brevan Howard reflects the growing demand for professional-grade digital asset solutions within traditional financial institutions. It underscores the evolution of financial markets where digital and traditional assets are increasingly interconnected, shaping the future of investment infrastructure and capital management.
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