Ripple is expanding its Ripple Prime offering to alternative investment manager Brevan Howard, which manages approximately $35 billion in assets. Under the expanded agreement, Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard. Brevan Howard-affiliated funds participated in a $500 million investment in Ripple in 2025, valuing the company at $40 billion. Ripple financed its prime brokerage expansion notably through the acquisition of prime broker Hidden Road for approximately $1.25 billion and a $275 million senior note offering.
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