Ripple Prime is expanding its relationship with Brevan Howard, adding multi-asset prime brokerage, clearing and financing services for the global investment manager's funds. The expanded agreement gives Brevan Howard funds access to these services across both traditional and digital markets. According to the companies, the platform is designed to improve capital efficiency and simplify operations for Brevan Howard's investment teams.

Under the arrangement, Ripple Prime will provide prime brokerage, clearing and financing services to Brevan Howard funds, with coverage spanning multiple asset classes and products across traditional and digital markets. Prime brokerage bundles financing, clearing and operational support under a single counterparty — a structure institutions have long relied on in traditional markets — and applying it across both market segments means a fund can manage exposure on one unified platform rather than through separate setups for each side. Ripple and Brevan Howard said the setup gives institutional investment teams a unified platform operating within a regulated framework. Ripple added that the expanded arrangement responds to demand for prime brokerage across both market segments.

Brevan Howard is a global alternative investment manager specializing in global macro and digital assets. Its funds will now have access to the broader set of services available through Ripple Prime.

Executives Outline the Expanded Relationship

Noelimmel, President of Ripple Prime, said Brevan Howard's expanded relationship reflects its confidence in Ripple Prime's cross-asset capabilities. He also described the arrangement as a long-term commitment between the two firms.

Alan McGroarty, Group COO of Brevan Howard, said traditional and digital markets are becoming increasingly connected. He noted that institutional investors need digital asset infrastructure that provides a seamless experience, adding that Ripple's platform is expected to give Brevan Howard's investment teams greater operational ease and capital efficiency. His comments followed the expansion of the existing relationship between the two firms. The convergence both executives describe reflects a broader shift in which services once associated mainly with traditional finance — clearing, financing and prime brokerage — are being extended to digital asset markets under regulated frameworks.

Deal Builds on Brevan Howard's Earlier Support

The new arrangement, detailed in Ripple's official press release, builds on Brevan Howard's previous involvement with the company. Funds managed by Brevan Howard affiliates participated in Ripple's $500 million strategic investment in 2025. Ripple said the investment also involved Fortress and Citadel Securities and valued the company at $40 billion.

The company described the participation by Brevan Howard affiliates as reflecting confidence in Ripple's growth trajectory and long-term vision.

With the expanded agreement in place, Ripple Prime adds prime brokerage, clearing and financing services to an existing relationship and will now serve Brevan Howard funds across traditional and digital markets through its platform. Ripple framed the move as a response to demand in both market segments, and how widely institutions adopt combined cross-asset prime brokerage is one angle to watch as traditional and digital market infrastructure continue to draw closer together.