---
title: "Ripple Prime Expands Multi-Asset Brokerage Mandate to Brevan Howard Funds"
description: "The alternative asset manager will use Ripple Prime for clearing and financing across traditional and digital assets."
url: https://basisdesk.news/news/ripple-prime-multi-asset-brokerage-brevan-howard
published: 2026-10-06T17:01:51.712Z
modified: 2026-10-06T17:01:51.712Z
section: Institutions & ETFs
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [XRP, RLUSD]
tags: [prime-brokerage, institutional-crypto, brevan-howard, ripple-prime, digital-assets]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## At a glance

- **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.
- **Status:** announced
- **Primary source:** [Blockchain Solutions Provider Ripple and Global Alternative Investment Manager Brevan Howard Deepen Relationship](https://ripple.com/ripple-press/ripple-and-brevan-howard-deepen-relationship) — ripple.com

## 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.

## Editorial remark

- **Context:** Brevan Howard initially backed Ripple during a $500 million equity raise in 2025 that valued the fintech firm at $40 billion.
- **Impact:** Brevan Howard gains single-platform cross-asset prime services, integrating digital asset infrastructure alongside traditional macro execution.
- **Watch:** Operational onboarding milestones and any collateral deployment involving RLUSD and XRP across Brevan Howard fund portfolios.

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 [1][2]. 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](https://basisdesk.news/news/csd-br-ripple-xrp-ledger-brazil-tokenization) with Brazilian infrastructure partners.

## Institutional Infrastructure Expansion

The mandate builds on Ripple's acquisitions and enterprise products across digital and traditional market infrastructure [1][2]. 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. [Blockchain Solutions Provider Ripple and Global Alternative Investment Manager Brevan Howard Deepen Relationship](https://ripple.com/ripple-press/ripple-and-brevan-howard-deepen-relationship) — ripple.com, 2026-10-06
2. [Ripple Announces $500 Million Strategic Investment Led by Fortress and Citadel Securities, Valuing the Company at $40 Billion Following Record Growth](https://ripple.com/ripple-press/ripple-announces-500-million-strategic-investment-led-by-fortress-citadel-securities-valuing-the-company-at-40-billion-following-record-growth) — ripple.com, 2026-10-06

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai