Deep DiveMarketsOct 20, 2026
Crypto Prime Brokerage Is Rebuilding on a TradFi Stack, but Proof Is Thin
Crypto prime brokerage is professionalizing around off-exchange custody, collateral mirroring and regulated custodians. The October 2026 evidence shows announced and conditional capability, concentrated providers and unfinished US rulemaking, not a proven reduction in systemic risk. Ripple Prime's expanded agreement with Brevan Howard is the one named prime brokerage data point, though no terms or balances are disclosed.
Blockchain Academics Research20 min read