Brevan Howard to Use Ripple Prime for Brokerage, Clearing and Financing
(2 hours ago) · 1 source · Summarized by CryptoBipto
Hedge fund Brevan Howard has announced it will use Ripple Prime for multi-asset prime brokerage, clearing, and financing services. The partnership represents a notable connection between a major traditional finance hedge fund and Ripple's institutional crypto infrastructure.
WHY IT MATTERS
Think of a prime broker as a one-stop shop for big investors. In traditional finance, prime brokers help hedge funds borrow money, settle trades, and manage their portfolios. Ripple, a company best known for its cross-border payment technology, is now offering similar services for digital assets through something called Ripple Prime. When a well-known hedge fund like Brevan Howard chooses to use a crypto company's infrastructure for these core financial functions, it suggests that institutional players are increasingly comfortable relying on crypto-native firms for services that were traditionally handled by major banks.
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