Ripple expands partnerships with Brevan Howard and Meritz Securities for prime brokerage and tokenization services, while XRP price dips below $1.40 amid ETF demand weakness and market correction.
Regulation & Gov ·
Ripple has deepened its partnership with Brevan Howard to expand multi-asset prime brokerage services, building on recent investment activity and post-SEC settlement progress. In South Korea, Meritz Securities has joined with Ripple to strengthen digital asset infrastructure, concentrating on custody and tokenization capabilities as regulatory conditions shift in the region. These moves reflect Ripple's continued push to embed its technology across institutional and regional financial infrastructure.
XRP's price has fallen below $1.40 amid reduced ETF demand and increased selling pressure, including large token transfers to Binance. The broader market correction has also weighed on the asset, with its market capitalization dropping below $90 billion. The price weakness stands in contrast to earlier bullish forecasts for the week.
The timing of the partnerships against deteriorating price action raises questions about whether institutional adoption announcements can offset near-term spot market headwinds, and whether the South Korea regulatory environment will create near-term tailwinds or remain constrained.