Ripple expands Brevan Howard deal with prime brokerage services

Ripple Prime has expanded its services to include prime brokerage, clearing, and financing for funds managed by Brevan Howard, a global investment manager with approximately $35 billion in assets. This expanded agreement allows Brevan Howard to access Ripple Prime’s services across both traditional and digital asset markets, as announced on Tuesday.

The partnership builds upon an existing relationship between the two firms, as Brevan Howard-affiliated funds were among the investors in Ripple’s $500 million investment in 2025, which valued the company at $40 billion. Alan McGroarty, Brevan Howard’s chief operating officer, stated that as digital and traditional markets become increasingly interconnected, there is a growing need for institutional-quality digital asset infrastructure that provides a seamless experience for investors.

Brevan Howard serves various global clients, including sovereign wealth funds, corporate and public pension plans, foundations, and endowments. This agreement comes as Ripple continues to expand its prime brokerage business, having recently raised $275 million through a senior note offering to fund its growth in prime brokerage, financing, and multi-asset clearing.

Ripple launched this business following its acquisition of prime broker Hidden Road for around $1.25 billion in 2025.