Brevan Howard Selects Ripple Prime for Brokerage and Financing Services

Key Facts

Brevan Howard will utilize the Ripple Prime platform for brokerage, clearing, and financing services. According to coinpaper.com, the alternative investment manager, which oversees $35 billion in assets, will use the infrastructure to manage operations across multi-asset classes in both traditional and digital markets.

The agreement does not disclose whether the partnership will involve the use of the XRP digital asset for settlement or financing purposes. This move aligns with Ripple's expansion into providing institutional infrastructure, as the Ripple Prime platform currently handles over $3 trillion in annual clearing volume for more than 300 institutional clients.