Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard, a global investment manager overseeing approximately $35 billion in assets, under an expanded agreement announced on Tuesday.

Under the expanded deal, funds affiliated with Brevan Howard will gain access to Ripple Prime's services across both traditional and digital asset markets, according to a Tuesday announcement. Ripple Prime's offering spans prime brokerage, clearing and financing for institutional clients, covering digital assets alongside traditional financial instruments.

The arrangement deepens an existing relationship between the two firms. In 2025, Brevan Howard-affiliated funds participated in a $500 million investment in Ripple, the blockchain payments company associated with the XRP token, that valued the business at $40 billion. The expanded agreement extends that connection from Ripple's investor base to its client roster, positioning a major traditional manager as both an investor in and a user of the company's institutional infrastructure.

"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," Brevan Howard Chief Operating Officer Alan McGroarty said.

Brevan Howard, an alternative investment manager known for macro-focused trading strategies, serves a global client base that includes sovereign wealth funds, corporate and public pension plans, foundations and endowments. That client profile is what gives the deal resonance beyond the two firms involved: it puts a blockchain company's brokerage, clearing and financing stack to work for the sovereign wealth, pension and endowment capital that anchors institutional investing.

The agreement lands as Ripple works to scale its prime brokerage business. In August, Ripple Prime raised $275 million through a senior note offering to fund its expansion into prime brokerage, financing and multi-asset clearing.

Ripple entered the prime brokerage sector after acquiring Hidden Road, an established prime broker, for approximately $1.25 billion in 2025. The acquisition brought an established institutional prime broker under Ripple's umbrella, with the unit now operating under the Ripple Prime name. Seen in sequence, the Hidden Road acquisition, the August note offering and the expanded Brevan Howard agreement trace the build-out of Ripple's prime brokerage push: platform acquired, expansion funded, and a marquee multi-asset client signed.

Prime brokerage services give institutional investors access to trading, financing and clearing infrastructure through a single counterparty, allowing funds to execute across multiple venues while consolidating their operational requirements. How quickly Ripple Prime adds comparable traditional managers to its client roster will offer one indication of how that build-out is landing with the institutional market.

Source: Cointelegraph