Ripple Expands Partnership With Brevan Howard to Deliver Prime Brokerage Services for Institutional Crypto Markets

San Francisco, October 6, 2026. Ripple has announced an expanded partnership with Brevan Howard, a major cryptocurrency-focused hedge fund, to provide institutional-grade prime brokerage services through its RippleNet infrastructure and XRP Ledger. The agreement positions Ripple as a full-service institutional counterparty, offering settlement, custody, and liquidity solutions to sophisticated market participants.

Prime brokerage services have long served as a critical gateway for institutional participation in traditional finance, providing the operational backbone that allows hedge funds to execute complex strategies at scale. Ripple's entry into this segment reflects growing demand for blockchain-based infrastructure that meets institutional compliance and reliability standards.

The announcement arrives during a period of accelerating institutional crypto adoption. Franklin Templeton, managing $1.3 trillion in assets, recently partnered with Bybit to distribute tokenized money market fund products, targeting a portion of the $4.3 trillion global money market asset base. South Korea's Shinhan Asset Management, with $600 billion under management, launched a tokenized fund pilot on Plume Network, with Phase 1 scope ranging from $500 million to $2 billion in AUM. BlackRock extended its tokenized money market fund program to the Ethereum network in August 2026.

Ripple's positioning in this environment draws on its established relationships with banks and financial institutions through RippleNet, a network built over more than a decade to support cross-border settlement. The XRP Ledger offers settlement finality in three to five seconds at transaction costs significantly lower than traditional correspondent banking channels.

Regulatory conditions are developing across several key markets. Vietnam is finalizing a regulated crypto market framework, with implementation expected between Q4 2026 and Q2 2027. Korea's Financial Services Commission has issued guidance on tokenized asset structures, providing compliance clarity for institutional investors.

Ripple operates in a competitive landscape. Ethereum hosts BlackRock's tokenized fund program and the Plume Network infrastructure underpinning Shinhan's pilot. Solana offers high throughput suitable for settlement-intensive operations. Traditional prime brokers at Goldman Sachs and Morgan Stanley retain deep institutional relationships built over decades.

The Brevan Howard partnership establishes a reference case for Ripple's institutional prime brokerage offering. The company's next steps include potential expansion of prime brokerage services to additional institutional clients.

About Ripple

Ripple is an enterprise blockchain company founded in 2012, providing payment and financial infrastructure solutions through RippleNet and the XRP Ledger. The company's technology supports cross-border settlement, asset tokenization, and institutional financial services for banks, payment providers, and financial institutions across more than 55 countries. Ripple is headquartered in San Francisco, California.