Why Brevan Howard Is Expanding Its Ripple Prime Relationship - Blockonomi

by · Blockonomi

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  • Brevan Howard will expand its use of Ripple Prime for brokerage, clearing, and financing services.
  • The investment manager oversees about $35 billion in assets across its global business.
  • Brevan Howard-affiliated funds joined Ripple’s $500 million funding round in 2025.
  • Ripple built Ripple Prime after acquiring Hidden Road for about $1.25 billion in 2025.
  • Ripple continues expanding Ripple Prime through institutional lending, multi-asset clearing, and digital-asset market integrations.

Ripple has expanded its relationship with Brevan Howard as the hedge fund increases its use of Ripple Prime for institutional trading services. The agreement gives Brevan Howard funds access to multi-asset prime brokerage, clearing, and financing across digital and traditional markets.

Ripple Prime emerged after Ripple acquired Hidden Road for about $1.25 billion in 2025. The platform now serves institutions seeking one system for financing, clearing, trading support, and access to several asset classes. It supports institutions that operate across markets without using separate brokerage relationships for each asset class.

Brevan Howard Expands Access Through Ripple Prime

Under the expanded agreement, Ripple Prime will support funds managed by Brevan Howard, which oversees about $35 billion in assets. The deal follows a recent 24/7 U.S. dollar settlement expansion for institutional clients in Asian and Gulf markets.

The arrangement comes as institutional firms seek faster settlement and broader access to digital assets. Brevan Howard serves sovereign wealth funds, pension plans, foundations, endowments, and other clients through its global investment business.

Existing Investment Ties Support New Agreement

Brevan Howard already had financial ties with Ripple before the latest expansion. Funds linked to the hedge fund joined Ripple’s $500 million strategic funding round in 2025, which valued Ripple at $40 billion.

Ripple has also expanded its institutional products during 2026. The company added Hyperliquid as Ripple Prime’s first direct DeFi venue integration, while Ripple’s recent XRP Asia payments push targets more activity across the XRP Ledger.

Ripple Prime Builds Multi-Asset Services

KBRA earlier assigned Ripple Prime a BBB rating as the business continued scaling. The rating agency noted plans to broaden the platform into areas such as equity prime brokerage and swaps as Ripple develops its institutional offering.

Ripple Prime also secured a $200 million debt facility from Neuberger Berman for institutional margin lending. Ripple later raised $275 million through a senior note offering in August to support prime brokerage, financing, and multi-asset clearing. That setup gives fund managers one route for several trading and financing needs.

Institutional Expansion Continues

Brevan Howard chief operating officer Alan McGroarty said closer links between digital and traditional markets are increasing demand for institutional-grade infrastructure. The expansion also comes as Evernorth’s Nasdaq listing process moves forward around the wider XRP market.

The expanded agreement gives Brevan Howard another route to manage trading, financing, and clearing through one provider. It also extends Ripple Prime’s role as Ripple builds services for institutions operating across traditional finance and digital asset markets.

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