RLUSD
+0.0%Brevan Howard Expands Ripple Prime Use For Multi-Asset Institutional Services
Image: NewsBTCRipple has expanded its partnership with $35 billion asset manager Brevan Howard. Under the new deal, Brevan Howard funds will access Ripple Prime's multi-asset prime brokerage, clearing and financing services across traditional and digital markets. Ripple Prime launched after Ripple acquired institutional prime broker Hidden Road. Brevan Howard was previously involved in Ripple's $500 million strategic funding round. The agreement does not include Brevan Howard purchasing XRP or using Ripple's RLUSD stablecoin.
Key points
- Ripple Prime will provide Brevan Howard funds with multi-asset prime brokerage, clearing and financing services.
- Ripple Prime launched after Ripple acquired institutional prime broker Hidden Road.
- Brevan Howard was involved in Ripple's previously announced $500 million strategic investment round.
- Ripple is expanding its institutional business beyond its core payments operations.
Why it matters
The deal marks a high-profile institutional adoption of Ripple's cross-asset financial infrastructure beyond its core payments business. It signals growing institutional demand for unified platforms that bridge traditional and digital asset market operations.
Price context · XRP
At publication
$1.42
Now
$1.43
Change since
+0.70%
7 days · dashed line = publication
Sources · 2 publishers
NewsBTC
Tier 2
Ripple Prime Expands Brevan Howard Deal Into Multi-Asset Clearing And Financing
Coverage timeline
- First reported by ZyCrypto
- Confirmed by NewsBTC
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
