Ripple Prime Expanded Services for Wall Street Firms
The platform now supports hedge funds and ETF providers with new prime brokerage tools for digital and traditional assets.
Updated on Oct. 8, 2026 in Financial Services
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Ripple Prime has partnered with Brevan Howard to provide prime brokerage services to hedge funds and ETF providers. This move follows Ripple's acquisition of clearing specialist Hidden Road, which facilitates access across digital and traditional asset classes.
Why it matters
Investment managers are increasingly demanding regulated, enterprise-grade infrastructure to navigate both digital and traditional markets. This partnership signals a shift in how firms consolidate liquidity across multiple asset types.
Ripple acquired Hidden Road for $1.25 billion, bringing over 300 institutional customers into its ecosystem. The platform previously reported $3 trillion in annual clearing volume.
The players
Ripple
A blockchain technology company providing infrastructure for global financial services.
Brevan Howard
A global asset management firm specializing in macro investing and digital assets.
Hidden Road
A prime brokerage and clearing firm previously acquired by Ripple to scale institutional financial services.
The details
Ripple Prime integrates its existing blockchain-based financial technology with the clearing solutions acquired from Hidden Road. This combined infrastructure allows institutional clients to manage foreign exchange, digital assets, derivatives, and fixed-income swaps through a single service provider. By leveraging these consolidated licenses, the firm is positioning itself to capture demand from Wall Street managers seeking regulatory compliance across fragmented markets.
Timeline
Ripple acquired Hidden Road for $1.25 billion in 2025.
The firm launched digital asset prime brokerage capabilities for the United States in November 2025.
Expansion into Wall Street markets was reported on October 7, 2026.
Market Landscape
This development follows the integration of digital asset spot prime brokerage capabilities in the U.S. that Ripple established in late 2025. It marks a significant expansion of the platform's utility as it integrates into established Wall Street institutional workflows.
Operations teams should evaluate if their current prime brokerage providers offer sufficient coverage across both digital and traditional asset classes. Firms should monitor whether this model increases efficiency in swap and derivative clearing compared to legacy multi-vendor setups.
The takeaway
The move underscores the growing institutional preference for unified clearing environments that bridge the gap between traditional finance and blockchain-based assets. Operators should track how this consolidation of brokerage services affects liquidity access and counterparty risk management for their own portfolios.
Further reading
For broader trends in asset management infrastructure, see our analysis on Financial Services.
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