Ripple expands Brevan Howard deal with prime brokerage services
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Ripple Prime has expanded its prime brokerage services deal with Brevan Howard, a global investment manager with around $35 billion in assets. The expanded agreement allows Brevan Howard’s funds to access Ripple Prime’s services in both traditional and digital asset markets, building on a prior investment where Brevan Howard-affiliated funds participated in a $500 million investment in Ripple in 2025.
Why it matters
The source highlights the growing interconnection between digital and traditional markets and the increasing demand for institutional-quality digital asset infrastructure. This expanded partnership reflects Ripple Prime's strategy to grow its prime brokerage business and provide seamless service to institutional investors.
Key context
Ripple Prime launched its prime brokerage offering after acquiring Hidden Road for approximately $1.25 billion in 2025. Earlier in 2023, Ripple Prime raised $275 million via a senior note offering to support expansion into prime brokerage, financing, and multi-asset clearing services. Brevan Howard manages diverse global clients, including sovereign wealth funds and pension plans.
Key numbers and entities
Brevan Howard manages about $35 billion in assets. The previous $500 million investment in Ripple valued the company at $40 billion in 2025. Ripple Prime acquired Hidden Road for about $1.25 billion. The firm also raised $275 million in a senior note offering to fund its expansion. Alan McGroarty is the COO of Brevan Howard.
What remains unclear
The specific terms and financial details of the expanded agreement between Ripple Prime and Brevan Howard are not disclosed. The extent of the services usage and expected impact on both firms’ operations remains unspecified.