Ripple Prime Expands Into Prime Brokerage for Brevan Howard Funds
Saturday, October 17, 2026 · first reported by The Fintech Times
Brevan Howard funds are becoming prime brokerage clients of Ripple Prime, which will give the manager cross-asset prime services. According to the announcement, the stated goals are better capital efficiency and lower operational complexity for its investment teams.
Brevan Howard is already tied to Ripple as an investor. Funds managed by its affiliates joined a 2025 strategic raise of $500 million that put Ripple's valuation at $40 billion, with Fortress and Citadel Securities leading. Noel Kimmel, president of Ripple Prime, and Alan McGroarty, group COO of Brevan Howard, both commented on the deal.
- Firm
- Ripple
- Also named
- Brevan Howard
- Size
- $500M
- Stage
- Raising
- Asset class
- Hedge funds
- Geography
- Global
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
1 source- ASB Capital, Principal launch global multi-asset fundPressReader
- $17 billion hedge fund Walleye is beefing up its stock-picking unit despite losing a key executive to CitadelBusiness Insider +1
- Balyasny hires Millennium portfolio manager Antoine IskandarHedgeweek
- Balyasny hires former Nebula CIO Limin YangHedgeweek
- Brookfield Global Transition Fund subscription facility affirmed at AA- by FitchTraders Union
- Verition sees five macro trader departures as it adds London portfolio managerHedgeweek