Hedge fund Brevan Howard, which manages around $35 billion in assets, has selected Ripple Prime to handle its multi-asset prime brokerage, clearing, and financing services. This integration deepens the relationship between both firms, following the investment giant’s prior participation in Ripple’s $500 million funding round.
This partnership marks a significant milestone for Ripple Prime—the institutional platform formed following the acquisition of Hidden Road—by cementing its top-tier liquidity offering for traditional capital. Backed by an investment-grade BBB credit rating from KBRA and a recent $200 million debt facility from Neuberger Berman, Ripple strengthens the institutional-grade rails required by global managers to operate with enhanced capital efficiency and reduced operational friction across digital assets.
As institutional prime brokerage bridges decentralized finance and traditional markets, next steps for Ripple Prime focus on expanding its swap offerings, equity brokerage, and direct DeFi connectivity.
Source: https://ripple.com/ripple-press/ripple-and-brevan-howard-deepen-relationship/
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