From Investor to Client: Brevan Howard Becomes Ripple Prime Brokerage and Clearing Client

First a shareholder, now a client. Brevan Howard's relationship with Ripple, originally built on an investment, now takes on a new dimension — the hedge fund will become a prime brokerage client of Ripple Prime.

According to The Block, Ripple Prime will provide Brevan Howard with multi-asset prime brokerage, clearing, and financing services. This means Brevan Howard isn't just an early investor in Ripple — it will also actually use Ripple's prime brokerage platform to handle clearing and financing needs related to its trading activities.

This isn't where the two companies' dealings began. Brevan Howard had previously invested in Ripple, and now the relationship between the two has extended from the equity level to the business level, with the investor becoming an actual user of the platform.

Public information currently available does not mention the deal value, the timeline for the service's launch, or the specific asset classes involved. Further details are still pending disclosure from both parties.