Ripple Prime Enhances Partnership with Brevan Howard for Multi-Asset Services
- Ripple Prime will offer multi-asset prime brokerage, clearing, and financing services to Brevan Howard, managing about $35 billion in assets.
- The expanded agreement allows access to Ripple Prime’s services across both traditional and digital asset markets.
- Brevan Howard previously invested $500 million in Ripple in a deal that valued the company at $40 billion in the past.
- In August, Ripple Prime raised $275 million through a senior note offering to support its expansion efforts.
- Ripple’s entry into prime brokerage followed its acquisition of Hidden Road for approximately $1.25 billion.
This partnership reflects the growing interconnection between digital and traditional markets, highlighting the demand for institutional-quality digital asset infrastructure. Brevan Howard serves various global clients including sovereign wealth funds and pension plans.
The collaboration between Ripple Prime and Brevan Howard underscores a significant shift towards integrated financial services, as evidenced by their previous investment of $500 million in Ripple.(Source)
