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Ripple and Brevan Howard Partner on Blockchain Prime Brokerage for Institutional Clients
Ripple has signed an agreement with Brevan Howard to provide blockchain-based prime brokerage and financing services, according to PYMNTS. This partnership brings Ripple’s digital asset infrastructure into the institutional finance space, offering hedge funds and asset managers new access to tokenized assets. Competing prime brokers and custodians, such as BNY Mellon and State Street, may respond by evaluating blockchain integrations to retain institutional clients. Other asset managers are likely to explore similar partnerships as tokenized finance gains traction.