Brevan Howard, an asset manager overseeing about $35 billion, will use Ripple Prime for multi-asset prime brokerage, clearing and financing services, according to Odaily. The move adds a new institutional use case for Ripple Prime and ties into an existing relationship between the two companies. Odaily said the partnership builds on Brevan Howard’s prior investment in Ripple, as well as its participation in Ripple’s $500 million strategic financing round last year. No additional commercial terms were disclosed in the brief. The update focuses on the service arrangement and the companies’ earlier investment ties.
Brevan Howard will use Ripple Prime for multi-asset prime brokerage, clearing and financing services, according to Odaily.
Brevan Howard manages about $35 billion in assets. Odaily said the partnership builds on the firm’s earlier investment in Ripple and its participation in Ripple’s $500 million strategic financing round last year.
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