Ripple, Brevan Howard Expand Institutional Crypto Partnership, Strengthen Prime Brokerage
Minseung Kang
Summary
- Ripple and Brevan Howard are expanding their partnership in the institutional digital-asset (cryptocurrency) business.
- Brevan Howard will broaden its use of Ripple’s institutional infrastructure and digital-asset products.
- Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard.
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Ripple and global hedge fund Brevan Howard are expanding their partnership in the institutional digital-asset business.
The Block reported on October 6 that Brevan Howard plans to broaden its use of Ripple’s institutional infrastructure and digital-asset products.
As part of the expanded tie-up, Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard.
The agreement further deepens an existing relationship between the two firms. Brevan Howard has already invested in Ripple and also participated in Ripple’s $500 million strategic investment round last year.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.