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Institutions & ETFs · 1 min read

Ripple Prime Expands Multi-Asset Brokerage Mandate to Brevan Howard Funds

The alternative asset manager will use Ripple Prime for clearing and financing across traditional and digital assets.

Editorial oversight: Julian Mercer, Chief Editor
Neutral
$XRP $1.51 +0.8%

At a glance Announced

What happened
Ripple Prime agreed to provide multi-asset prime brokerage, clearing, and financing services to Brevan Howard funds on Oct. 6, 2026.
Why it matters
The mandate connects a $35 billion alternative asset manager to Ripple's integrated traditional and digital market clearing infrastructure.
Who is affected
Brevan Howard investment funds and Ripple Prime.
Takes effect
2026-10-06
What's next
No next step announced.
Primary source
ripple.com: Blockchain Solutions Provider Ripple and Global Alternative Investment Manager Brevan Howard Deepen Relationship

Key points

  • Ripple Prime will deliver multi-asset prime brokerage, clearing, and financing services to Brevan Howard funds.
  • Brevan Howard manages about $35 billion in assets and participated in Ripple's $500 million strategic funding round in 2025.
  • Ripple holds more than 85 regulatory licenses spanning payments, custody, treasury management, and prime brokerage.

Ripple Prime will provide multi-asset prime brokerage, clearing, and financing services to funds managed by Brevan Howard, both firms announced on Oct. 6, 2026 1. The expanded agreement grants the institutional manager access to Ripple Prime’s unified operational platform across multiple asset classes 1.

Brevan Howard, which manages approximately $35 billion in institutional assets, previously backed Ripple as an investor 1. Funds managed by affiliates of the macro specialist participated in Ripple's $500 million strategic funding round in 2025 alongside Citadel Securities and Fortress Investment Group, which valued Ripple at $40 billion 12. Ripple has continued to broaden its institutional footprint, previously pursuing real-world asset integrations such as its work to mirror financial assets on the XRP Ledger with Brazilian infrastructure partners.

Institutional Infrastructure Expansion

The mandate builds on Ripple's acquisitions and enterprise products across digital and traditional market infrastructure 12. Ripple Prime, previously known as Hidden Road prior to its acquisition, provides cross-asset services, collateralized lending, and execution capabilities utilizing Ripple's stablecoin, Ripple USD ($RLUSD), and $XRP 2.

Ripple stated that it holds more than 85 regulatory licenses globally, supporting services across payments, custody, prime brokerage, and corporate treasury management 1. Brevan Howard representatives noted that the firm will integrate the platform to streamline operational workflows and improve capital efficiency across interconnected digital and legacy asset strategies 1.

Sources

  1. [1] Blockchain Solutions Provider Ripple and Global Alternative Investment Manager Brevan Howard Deepen Relationship — ripple.com, October 6, 2026
  2. [2] Ripple Announces $500 Million Strategic Investment Led by Fortress and Citadel Securities, Valuing the Company at $40 Billion Following Record Growth — ripple.com, October 6, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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