Crypto
Ripple expands Brevan Howard deal with prime brokerage services
Ripple Prime will provide prime brokerage, clearing and financing services to funds managed by Brevan Howard, a $35 billion alternative investment manager.
The deal expands an existing partnership between Ripple and Brevan Howard.
For beginners Prime brokerage is a bundle of services — lending, clearing, custody — that large financial intermediaries provide to funds to make trading easier; crypto firms moving into this business signals growing interest from traditional institutional investors in digital assets.