Ripple Expands Brevan Howard Deal With Prime Brokerage Services

The significance here is less about crypto trading and more about Ripple positioning itself as institutional plumbing — prime brokerage, clearing and financing sit at the core of how hedge funds operate, and winning that role with an established manager signals a shift from settlement tooling toward full trade lifecycle services. It matters most for funds weighing crypto exposure without building custody and financing stacks in-house, and for competing prime brokers. The open question is whether this expands beyond a single manager's mandate into broader adoption of Ripple's infrastructure.