Brevan Howard Expands Ripple Prime Partnership for Institutional Trading

Brevan Howard, a global investment manager overseeing about $35 billion in assets, is expanding its partnership with Ripple Prime. The hedge fund will now use Ripple Prime for brokerage, clearing, and financing services across both digital and traditional markets. This move comes after Brevan Howard-affiliated funds participated in Ripple’s $500 million funding round in 2025, which valued the company at $40 billion.

Ripple Prime, acquired from Hidden Road for approximately $1.25 billion in 2025, offers a unified platform for institutional trading needs. The service supports financing, clearing, trading, and access to various asset classes, eliminating the need for separate brokerage relationships. Ripple has been enhancing Ripple Prime’s capabilities, including adding Hyperliquid as its first DeFi venue integration and securing a $200 million debt facility from Neuberger Berman for institutional margin lending.

The expansion follows Ripple’s recent efforts to streamline settlement processes and broaden access to digital assets. Brevan Howard’s chief operating officer, Alan McGroarty, highlighted the growing demand for institutional-grade infrastructure that bridges digital and traditional markets. This agreement aligns with Ripple’s broader strategy to integrate more institutional clients into its multi-asset services.