Ripple Expands Partnership With Brevan Howard to Include Prime Brokerage Services

WHY IT MATTERS

Prime brokerage is a term from traditional finance that refers to a bundle of services that big investment firms use — think of it like a one-stop shop for professional investors that includes things like helping them make trades, lending them assets, and securely storing their holdings. In the traditional stock market, banks like Goldman Sachs provide these services. Ripple offering these services in the crypto world is notable because it shows that crypto companies are building the same kind of infrastructure that exists in traditional markets. For someone new to crypto, this is an example of how the industry is maturing and trying to attract large, established financial players by offering them familiar tools adapted for digital assets.