Brevan Howard Gives Ripple Prime a $35 Billion Test of Its…
By Abdelaziz Fathi
AI summary of the source article
Ripple Prime has entered into an agreement to provide multi-asset prime brokerage, clearing, and financing services to funds managed by Brevan Howard, an alternative investment manager overseeing roughly $35 billion. The mandate gives Brevan Howard access to traditional and digital asset markets through a single platform, integrating Ripple's infrastructure directly into the manager's trading operations. Brevan Howard had previously participated in Ripple's $500 million strategic investment round in November 2025. The deal follows Ripple's $1.25 billion acquisition of Hidden Road in 2025 and subsequent expansion into traditional markets, including Delta One total return swaps.
Why it matters
The mandate gives Ripple Prime a major institutional client, moving Brevan Howard from a strategic investor into an active user of its multi-asset clearing and prime brokerage infrastructure.
Key facts
- Ripple Prime will provide multi-asset prime brokerage, clearing, and financing services across traditional and digital markets to Brevan Howard-managed funds.
- Brevan Howard manages roughly $35 billion in assets, though the specific asset volume or revenue linked to the Ripple Prime mandate was not disclosed.
- The agreement follows Ripple's $1.25 billion acquisition and rebranding of prime broker Hidden Road, which closed in October 2025.