Ripple Prime Expands Brevan Howard Pact to Multi-Asset Services

Ripple has broadened its relationship with global investment manager Brevan Howard, according to a report by NewsBTC. Under the expanded deal, Ripple Prime will provide Brevan Howard funds with multi-asset prime brokerage, clearing and financing services spanning both traditional and digital markets.

The agreement extends Ripple Prime’s role beyond payments and into core institutional trading infrastructure, offering a unified platform intended to improve capital efficiency and simplify operations for clients managing positions across asset classes, NewsBTC reported.

Brevan Howard, a global macro investment manager with a long-standing presence in digital assets, has prior ties to Ripple. An affiliate of the firm took part in Ripple’s previously announced 500 million dollar strategic investment round. The newly expanded arrangement shifts that relationship from financial backing to direct operational use of Ripple’s infrastructure for functions typically handled by institutional prime brokers.

Ripple Prime President Noel Kimmel said the expanded relationship reflects demand among institutions for infrastructure that can span conventional and digital markets without requiring clients to rely on disconnected systems, per the report.

Ripple remains closely linked to XRP and cross-border payments, but the company has steadily built out additional institutional financial services, including custody, stablecoins and prime brokerage, following its acquisition and integration of brokerage capabilities. NewsBTC noted that as institutional adoption of digital assets matures, infrastructure covering clearing, collateral, financing and custody is becoming an increasingly important part of how such adoption is measured, alongside more visible moves like funds buying bitcoin or launching crypto products.

Based on reporting by www.newsbtc.com.