Ripple Prime Partnered With Brevan Howard

The blockchain firm expanded its prime brokerage offerings to hedge funds and ETF providers in a new deal.

Updated on Oct. 8, 2026 in Financial Services

Isometric editorial illustration of a stone plinth holding two metallic spheres, symbolizing the convergence of digital and traditional asset markets. — Ripple Prime has partnered with hedge fund manager Brevan Howard to scale its prime brokerage services for institutional clients and ETF providers. AI Illustration. Upload story photo >

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Ripple Prime has entered a partnership with Brevan Howard to provide prime brokerage services. This move scales Ripple's reach to include hedge funds and ETF providers looking for institutional-grade digital asset solutions.

Why it matters

Investment managers are increasingly demanding regulated, enterprise-grade prime brokerage solutions that bridge the gap between traditional and digital markets. This partnership allows Ripple to deliver those integrated services to high-level institutional clients.

Ripple previously acquired prime brokerage firm Hidden Road for $1.25 billion, a company that maintained an annual clearing volume of $3 trillion. That acquisition brought over 300 existing institutional customers under the Ripple umbrella.

The players

Ripple Prime

This division provides blockchain-based prime brokerage solutions to institutional clients.

Brevan Howard

This investment firm manages global macro strategies and digital assets for a wide range of clients.

Hidden Road

This firm serves as a prime brokerage solution that was acquired by Ripple to bolster its clearing capabilities.

The details

Ripple Prime leverages its proprietary licenses alongside solutions from its acquisition of Hidden Road to facilitate access to foreign exchange, digital assets, derivatives, swaps, and fixed income. The firm provides these services to institutional clients operating within United States and Wall Street markets.

Ripple acquired Hidden Road for $1.25 billion in 2025.
Ripple launched digital asset prime brokerage for the U.S. in November 2025.
The Wall Street Journal reported on Ripple's expansion on October 7, 2026.

Market Landscape

This partnership reflects the ongoing institutional adoption of digital assets by hedge funds and ETF providers. It positions Ripple to compete directly with traditional financial institutions by offering a unified bridge to complex digital and fixed-income markets.

For average retail investors, this deal signals an increasing integration of digital assets into mainstream financial portfolios managed by major funds. It underscores a shift toward more regulated, reliable access points for digital trading that may eventually influence broader market stability.

The takeaway

The entry of blockchain firms into the prime brokerage space highlights a shift toward hybrid financial models that combine traditional clearing with new digital asset protocols. Investors should watch how legacy institutions continue to adopt these technologies to remain competitive in global markets.