Brevan Howard, one of the world's largest alternative investment managers, has deepened its relationship with Ripple, becoming the latest major institutional partner in Ripple's push into institutional financial services. Under the expanded agreement, Brevan Howard's funds will use Ripple Prime for multi-asset prime brokerage, clearing and financing support across a range of asset classes, adding another significant institutional name to Ripple's financial infrastructure business.

The move pairs a roughly $35 billion asset manager with Ripple's brokerage platform, which the company has been building out to serve clients active in both traditional and digital markets.

Ripple Prime Lands a $35 Billion Asset Manager

Brevan Howard manages approximately USD 35 billion for institutional clients including sovereign funds, pension plans, foundations and endowments. The new deal gives the firm's investment teams access to Ripple Prime's unified infrastructure spanning traditional and digital markets.

The services are designed to streamline trading, financing and collateral management across different assets and product types. As overlaps between traditional and digital markets emerge, demand for institutional-grade infrastructure that can accommodate both has risen, Brevan Howard Group COO Alan McGroarty said.

Prime Brokerage Grows Within Ripple's Institutional Strategy

Prime brokerage has traditionally been the domain of large global banks, which bundle trading, financing and clearing services for hedge funds and other institutional clients. Ripple Prime offers more than crypto-related products and services. Its coverage spans digital assets, foreign exchange, derivatives, fixed income and other products, allowing large investors to maintain a single relationship across multiple markets rather than operating separate infrastructure for each. Ripple has positioned prime brokerage as an increasingly central component of its institutional strategy.

The platform expanded into U.S. equity derivatives in 2026, including total return swaps tied to U.S.-listed stocks, indexes and digital assets. That widening product range is part of why Ripple has directed its brokerage push at a broader set of firms — including hedge funds and large asset managers — rather than only crypto-native trading houses.

A Relationship That Began With a $500 Million Investment

The new brokerage arrangement builds on an ongoing partnership between the two firms. In 2025, Brevan Howard affiliates were among the top-10 institutional investors to join Ripple's $500 million strategic funding round. With the latest deal, that relationship has been extended beyond investment to active use of Ripple's infrastructure.

Ripple now holds more than 85 licenses and provides institutional payments, custody, prime brokerage and treasury management services.

XRP and RLUSD Are Not the Focus

The announcement does not specify whether Brevan Howard is purchasing XRP or Ripple's RLUSD stablecoin as part of the arrangement. The deal centers on institutional brokerage infrastructure rather than a direct allocation of crypto tokens.

Even so, the agreement carries weight: it reinforces Ripple's role as a financial services provider bridging traditional and digital markets, and gives Brevan Howard a unified platform for managing trading, clearing and financing in both. As the arrangement moves from announcement to implementation, the scale of activity Brevan Howard's funds route through Ripple Prime and the pace of its rollout across asset classes will be operational details to watch.

Details in this article are based on reporting by Crypto Ninjas and Ripple's official announcement.