Brevan Howard Expands Multi-Asset Services with Ripple Prime
- Brevan Howard funds will access multi-asset prime brokerage, clearing, and financing services through Ripple Prime.
- The agreement aims to simplify operations and improve capital efficiency across traditional and digital markets.
- Ripple introduced equity derivatives on Aug. 27, expanding its financial product offerings.
- Brevan Howard participated in Ripple’s $500 million funding round announced on Nov. 5, valuing Ripple at $40 billion.
- Ripple USD (RLUSD), a dollar-linked stablecoin, serves as collateral within Ripple Prime’s infrastructure.
The expanded relationship between Brevan Howard and Ripple Prime highlights the growing demand for integrated prime brokerage solutions in both traditional and digital asset markets. The inclusion of equity derivatives further diversifies Ripple Prime’s offerings, catering to sophisticated investors seeking comprehensive services.
Brevan Howard’s involvement in the $500 million funding round underscores its commitment to leveraging advanced financial infrastructure for enhanced operational efficiency and capital management.(Source)
