Ripple, the company behind XRP, has significantly expanded its relationship with Brevan Howard, one of the world’s largest alternative investment managers, to deliver multi-asset prime brokerage, clearing and financing services through Ripple Prime. The announcement, shared on October 6, 2026, highlights rising demand from major investment managers for infrastructure that spans both traditional and digital assets.
Brevan Howard will be able to use Ripple Prime across different asset classes and products. The platform is designed to simplify operations and improve capital efficiency, giving institutional clients a single counterparty relationship for cross-margining exposures across asset classes.
Alan McGroarty, Group COO of Brevan Howard, said: “As digital and traditional markets become more interconnected, the need for institutional-quality digital asset infrastructure that enables a seamless experience for investors is only growing. Ripple has built a differentiated platform that we expect will provide our investment teams with increased operational ease and capital efficiency.”
The relationship has deeper roots: funds managed by Brevan Howard affiliates participated in Ripple’s $500 million strategic investment in 2025, following Ripple’s settlement with the SEC. The latest agreement therefore builds on an ongoing partnership rather than standard client onboarding.
Ripple Prime, formerly known as Hidden Road before Ripple acquired it for $1.25 billion, has become a key part of Ripple’s Wall Street strategy. It reportedly clears more than $3 trillion annually and serves over 300 institutional clients. Ripple has also recently launched a Delta One institutional trading platform allowing hedge funds and asset managers to execute Total Return Swaps across US-listed equities, indices and digital assets.
The move underlines Ripple’s push beyond crypto and could reinforce institutional acceptance of digital asset infrastructure, even as broader crypto trading volumes remain subdued.
