Brevan Howard expands Ripple Prime relationship

Brevan Howard is broadening its partnership with Ripple by utilizing the company's institutional digital-asset infrastructure for prime brokerage, clearing, and financing services. This expanded collaboration will allow Ripple Prime to offer multi-asset prime brokerage and related financing services to Brevan Howard's funds, which manage approximately $35 billion in assets.

The agreement is a result of Brevan Howard's $500 million strategic funding round for Ripple last year and its ongoing investment in the digital-asset infrastructure provider. Brevan Howard's COO, Alan McGroarty, expressed that the increasing convergence between traditional finance and digital assets is driving the demand for institutional infrastructure capable of supporting both markets.

Ripple Prime, established after Ripple acquired Institutional prime broker Hidden Road, is a multi-asset platform that will provide brokerage, clearing, financing, and other infrastructure for digital-asset trading. KBRA has rated Ripple Prime with a BBB rating, acknowledging its scaling phase and future expansion into areas such as equity prime brokerage and swaps.

Furthermore, Ripple has been enhancing its financing capabilities by securing a $200 million debt facility from Neuberger Berman for institutional margin lending. Recently, Ripple integrated Hyperliquid into Ripple Prime, establishing a direct connection to a decentralized finance venue to broaden access to digital-asset markets for professional investors.