The company behind XRP has doubled down on its partnership with Brevan Howard, one of the world’s largest alternative investment managers.
Ripple Prime will allow the firm access to multi-asset prime brokerage, clearing, and financing.
Another Institutional Heavyweight
The announcement shared earlier on October 6 reads that Ripple has expanded its ongoing relationship with the Wall Street giant to reflect growing demand from major investment managers for infrastructure that spans both traditional and digital assets. Brevan Howard will be able to use Ripple Prime across different asset classes and products, with the platform designed to simplify operations and improve capital efficiency.
“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,” said Alan McGroarty, Group COO of Brevan Howard.
The two have some history, dating from the months 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. Consequently, the two parties have built on the ongoing partnership, and the latest agreement receives additional significance beyond standard client onboarding.
Moving Beyond Crypto
CryptoPotato reported recently that Ripple Prime launched a Delta One institutional trading platform allowing hedge funds, asset managers, and other clients to execute Total Return Swaps across US-listed equities, indices, and digital assets. Customers can also cross-margin exposures across asset classes through a single counterparty relationship.
Ripple Prime, formerly known as Hidden Road before the company behind XRP bought it for $1.25 billion, allowing the latter to become the first crypto firm to own and operate a global multi-asset prime broker. The business reportedly cleared more than $3 trillion annually and serves over 300 institutional clients.
The Brevan Howard partnership expansion only builds on Ripple’s latest strategy to move well beyond crypto and solidify its position across Wall Street.
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