Key Takeaways
- • Ripple Prime expanded its partnership with Brevan Howard to provide multi-asset prime brokerage, clearing, and financing services across traditional and digital asset classes.
- • Brevan Howard, managing approximately $35 billion, will consolidate prime brokerage operations on Ripple Prime's unified platform to enhance capital efficiency and operational simplicity.
- • The expanded agreement positions Ripple Prime as an enterprise-grade infrastructure provider for institutional managers navigating the convergence of traditional and digital finance.
- • The partnership reflects institutional demand for prime brokerage solutions that span both conventional markets and digital assets within a regulated framework.
Summary
Ripple and Brevan Howard deepened their commercial relationship on October 6, 2026, with Ripple Prime taking on expanded responsibilities as the primary multi-asset prime brokerage, clearing, and financing provider for Brevan Howard's funds. Brevan Howard, one of the largest macro hedge funds globally with approximately $35 billion under management, will migrate its prime brokerage operations to Ripple Prime's integrated platform.
The expanded agreement reflects a strategic pivot by both firms to capitalize on the increasing interconnection between traditional and digital financial markets. Ripple Prime's unified platform is designed to provide institutional investors with seamless access to prime services across multiple asset classes while reducing operational complexity and improving capital efficiency. Noel Kimmel, President of Ripple Prime, characterized the arrangement as recognition of Ripple Prime's competitive positioning and cross-asset capabilities in serving sophisticated institutional clients. Alan McGroarty, Group COO of Brevan Howard, emphasized the importance of institutional-quality digital asset infrastructure as traditional and digital markets become more integrated.
The partnership signals growing acceptance among top-tier alternative investment managers for blockchain-based and digital-native infrastructure solutions, provided they meet enterprise-grade regulatory and operational standards. By consolidating prime brokerage services on a single platform spanning traditional and digital assets, Brevan Howard gains operational leverage while Ripple Prime validates its ability to service major institutional allocators with complex, multi-asset requirements.
The expanded agreement reflects a strategic pivot by both firms to capitalize on the increasing interconnection between traditional and digital financial markets. Ripple Prime's unified platform is designed to provide institutional investors with seamless access to prime services across multiple asset classes while reducing operational complexity and improving capital efficiency. Noel Kimmel, President of Ripple Prime, characterized the arrangement as recognition of Ripple Prime's competitive positioning and cross-asset capabilities in serving sophisticated institutional clients. Alan McGroarty, Group COO of Brevan Howard, emphasized the importance of institutional-quality digital asset infrastructure as traditional and digital markets become more integrated.
The partnership signals growing acceptance among top-tier alternative investment managers for blockchain-based and digital-native infrastructure solutions, provided they meet enterprise-grade regulatory and operational standards. By consolidating prime brokerage services on a single platform spanning traditional and digital assets, Brevan Howard gains operational leverage while Ripple Prime validates its ability to service major institutional allocators with complex, multi-asset requirements.
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