Key Takeaways
- • Brevan Howard funds will use Ripple Prime for multi-asset prime brokerage, clearing, and financing, according to Ripple's announcement, with Brevan Howard overseeing approximately $35 billion in assets under management.
- • The agreement builds on an existing relationship: Brevan Howard entities participated in Ripple's $500 million fundraise in 2025, which valued the company at $40 billion.
- • Ripple Prime is the institutional brokerage division Ripple formed after acquiring institutional prime broker Hidden Road, and it serves hedge funds and institutions in both traditional and digital asset markets.
- • Ripple Prime recently integrated Hyperliquid as its first direct DeFi connection.
Summary
Ripple has expanded its relationship with Brevan Howard, the global hedge fund, under which Ripple Prime will provide multi-asset prime brokerage, clearing, and financing services to the firm's investment vehicles. Ripple announced the arrangement on October 6, 2026, with the company's statement describing the deal as expanding its relationship with "one of the world's leading alternative investment managers." Brevan Howard oversees approximately $35 billion in assets under management, according to the announcement.
Ripple Prime is the institutional trading and brokerage division Ripple established after acquiring Hidden Road, an institutional prime broker. The platform targets financial institutions, hedge funds, and large investors active in both conventional and digital asset markets. The mandate covers multiple asset classes rather than digital assets alone, which positions the service as a conventional prime brokerage offering with crypto market access.
The new agreement follows an earlier financial tie between the two firms. Brevan Howard entities took part in Ripple's $500 million fundraising round in 2025, which valued Ripple at $40 billion. The prime brokerage arrangement therefore extends a relationship that began as an equity investment into a commercial services relationship.
Ripple Prime has also recently integrated Hyperliquid as its first direct DeFi connection, according to the publisher's summary of the platform's developments. The announcement did not disclose financial terms of the prime brokerage arrangement, fee structure, or the specific Brevan Howard vehicles covered.
Ripple Prime is the institutional trading and brokerage division Ripple established after acquiring Hidden Road, an institutional prime broker. The platform targets financial institutions, hedge funds, and large investors active in both conventional and digital asset markets. The mandate covers multiple asset classes rather than digital assets alone, which positions the service as a conventional prime brokerage offering with crypto market access.
The new agreement follows an earlier financial tie between the two firms. Brevan Howard entities took part in Ripple's $500 million fundraising round in 2025, which valued Ripple at $40 billion. The prime brokerage arrangement therefore extends a relationship that began as an equity investment into a commercial services relationship.
Ripple Prime has also recently integrated Hyperliquid as its first direct DeFi connection, according to the publisher's summary of the platform's developments. The announcement did not disclose financial terms of the prime brokerage arrangement, fee structure, or the specific Brevan Howard vehicles covered.
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