What does a $35 billion hedge fund giant see in crypto right now?
Ripple just announced that funds at Brevan Howard will run through Ripple Prime — multi-asset prime brokerage, clearing and financing across traditional and digital markets. This isn't a first date: Brevan Howard-affiliated funds already took part in Ripple's $500 million raise last year, valuing the company at $40 billion.
The backstory matters. Ripple built this prime business after buying Hidden Road for about $1.25 billion, then raised $275 million in senior notes this August to scale it. Brevan Howard's clients include sovereign wealth funds, public pension plans, foundations and endowments — the kind of money that only moves when the plumbing is institutional-grade.
Wall Street isn't debating crypto anymore. It's building on top of it.
Which big institution goes crypto-native next? 👀
$XRP
#XRP #Ripple #CryptoNews
Ripple just announced that funds at Brevan Howard will run through Ripple Prime — multi-asset prime brokerage, clearing and financing across traditional and digital markets. This isn't a first date: Brevan Howard-affiliated funds already took part in Ripple's $500 million raise last year, valuing the company at $40 billion.
The backstory matters. Ripple built this prime business after buying Hidden Road for about $1.25 billion, then raised $275 million in senior notes this August to scale it. Brevan Howard's clients include sovereign wealth funds, public pension plans, foundations and endowments — the kind of money that only moves when the plumbing is institutional-grade.
Wall Street isn't debating crypto anymore. It's building on top of it.
Which big institution goes crypto-native next? 👀
$XRP
#XRP #Ripple #CryptoNews
