Key Takeaways
- • Ripple expands prime brokerage services to Brevan Howard, providing multi-asset prime brokerage, clearing, and financing services through Ripple Prime, deepening an existing relationship that began with Brevan Howard's participation in Ripple's $500 million funding round in 2025.
- • Brevan Howard-affiliated funds were among the institutional investors backing Ripple's $500 million Series C funding round at a $40 billion valuation in 2025, led by hedge funds including Citadel.
- • The expanded arrangement converts Ripple's previous investor relationship into an active client engagement, positioning Brevan Howard as a prime brokerage customer for crypto and multi-asset trading infrastructure.
- • OKX, a major cryptocurrency exchange, recently secured backing from multiple institutional players including Ripple, Circle, and Standard Chartered at a $25 billion valuation, reflecting growing institutional adoption of crypto infrastructure.
Summary
Ripple has substantially deepened its commercial relationship with Brevan Howard, one of the world's largest alternative investment managers, by expanding prime brokerage services through its Ripple Prime platform. Under the expanded agreement, Ripple Prime will now deliver comprehensive multi-asset prime brokerage, clearing, and financing services to Brevan Howard funds, marking an evolution of their prior relationship.
This commercial expansion builds on Brevan Howard's participation in Ripple's $500 million strategic funding round conducted in 2025, which valued the blockchain solutions provider at $40 billion. That funding round was led by major institutional investors including Citadel and other prominent hedge funds, signaling substantial confidence in Ripple's infrastructure business from the institutional alternative investment community.
The arrangement exemplifies a broader shift in which crypto infrastructure providers convert investor relationships into revenue-generating client contracts. By securing Brevan Howard as a prime brokerage customer, Ripple gains access to one of the largest alternative asset managers as an active user of its clearing and financing services across multiple asset classes. Concurrently, Ripple has backed OKX, a major cryptocurrency exchange, as part of a funding round that valued the platform at $25 billion and included co-investors such as Circle and Standard Chartered, further cementing Ripple's position within institutional crypto infrastructure.
This commercial expansion builds on Brevan Howard's participation in Ripple's $500 million strategic funding round conducted in 2025, which valued the blockchain solutions provider at $40 billion. That funding round was led by major institutional investors including Citadel and other prominent hedge funds, signaling substantial confidence in Ripple's infrastructure business from the institutional alternative investment community.
The arrangement exemplifies a broader shift in which crypto infrastructure providers convert investor relationships into revenue-generating client contracts. By securing Brevan Howard as a prime brokerage customer, Ripple gains access to one of the largest alternative asset managers as an active user of its clearing and financing services across multiple asset classes. Concurrently, Ripple has backed OKX, a major cryptocurrency exchange, as part of a funding round that valued the platform at $25 billion and included co-investors such as Circle and Standard Chartered, further cementing Ripple's position within institutional crypto infrastructure.
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