Ripple has expanded its relationship with Brevan Howard, one of the world's largest alternative investment managers, to provide the firm with access to multi-asset prime brokerage, clearing, and financing services through Ripple Prime.
The announcement, made on October 6, reflects growing demand from major investment managers for infrastructure spanning both traditional and digital assets. Brevan Howard will utilize Ripple Prime across different asset classes and products, with the platform designed to streamline operations and improve capital efficiency.
According to Alan McGroarty, Group COO of Brevan Howard, "As digital and traditional markets become more interconnected, the need for institutional-quality digital asset infrastructure that enables a seamless experience for investors is only growing. Ripple has built a differentiated platform that we expect will provide our investment teams with increased operational ease and capital efficiency."
The two companies have worked together since after Ripple settled its legal dispute with the SEC. Funds managed by Brevan Howard affiliates participated in Ripple's $500 million strategic investment in 2025, and the latest agreement represents a continuation of their ongoing partnership.
Ripple Prime, acquired by Ripple for $1.25 billion from its previous owner Hidden Road, positions Ripple as the first cryptocurrency firm to own and operate a global multi-asset prime broker. The platform reportedly clears more than $3 trillion annually and serves over 300 institutional clients.
The platform enables hedge funds, asset managers, and other institutional clients to execute Total Return Swaps across US-listed equities, indices, and digital assets, with the ability to cross-margin exposures across asset classes through a single counterparty relationship.
