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Brevan Howard funds to access Ripple Prime for clearing and financing
Under the expanded agreement, Brevan Howard will gain access to Ripple Prime's services across traditional and digital asset markets. Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard.
The expansion signals a deepening of the relationship between the two firms and reflects a broader trend of traditional investment managers integrating digital asset infrastructure into their operations.
Ripple is best known for its payments and settlement network, but Ripple Prime represents its push into broader financial services. Prime brokerage is a standard pillar of institutional finance, encompassing execution, clearing and financing. Partnering with a large traditional asset manager like Brevan Howard is a validation of this business line.
Ripple and its partners: View expansion into prime services as a natural evolution, leveraging the efficiency of digital assets to offer institutional-grade services. Skeptics and risk observers: Note that prime brokerage models are not immune to risk, particularly in crypto where clearing and financing can carry counterparty risk. The success of this venture will depend on risk management and regulatory oversight.