Ripple has expanded its relationship with Brevan Howard, a global alternative investment manager, to provide multi-asset prime brokerage, clearing, and financing services through Ripple Prime. The agreement enables Brevan Howard funds to access prime services across traditional and digital markets through a unified platform.
The expanded deal marks a shift for Ripple beyond its core payments business. Ripple Prime, which emerged from the company's acquisition of institutional brokerage capabilities, is designed to offer professional investors a single framework for trading, financing, and managing positions across asset classes.
Brevan Howard has maintained involvement with Ripple through multiple channels. An affiliate of the investment manager participated in Ripple's previously announced $500 million strategic investment round. The latest agreement operationalizes that relationship, moving Brevan Howard funds from financial backing to active use of Ripple infrastructure for functions typically handled by institutional prime brokers.
According to Ripple Prime President Noel Kimmel, the expanded relationship reflects demand for infrastructure capable of spanning conventional and digital markets without requiring institutional clients to operate through disconnected systems.
For Ripple, the cross-asset positioning represents a strategic focus on institutional infrastructure. As digital asset markets mature, the underlying components of institutional trading—clearing, collateral, financing, custody, and capital efficiency—increasingly influence adoption decisions among professional investors and asset managers.
