Meritz Securities partners with Ripple to explore crypto custody and tokenization in South Korea as XRP trades near $1.47.
Ripple has deepened its partnership with Brevan Howard, a leading global hedge fund. The digital assets firm revealed that its Ripple Prime division will deliver prime brokerage, clearing, and financing capabilities across multiple asset classes for Brevan Howard's investment vehicles.
Investors expecting the debut of the first regulated vehicle with pure exposure to XRP this Thursday will have to wait. Trading in shares of Evernorth under the ticker XRPN on Nasdaq has officially been postponed to Monday, October 12, 2026.
Evernorth delays its XRP treasury stock Nasdaq debut to Oct. 12, with its merger now set to close Oct. 9 and about 473 million XRP expected.
The South Korean brokerage will examine Ripple's custody and tokenization infrastructure for potential use in capital markets.
Ripple's strategic partnership with Meritz Securities, signed by President Monica Long in Seoul, was announced earlier today. The development landed as XRP overtook bitcoin as the most-traded asset on Upbit.
The platform will provide prime brokerage, clearing and financing to funds managed by Brevan Howard, which oversees about $35 billion in assets.
The inflow was the highest level since March 2026, but exchange deposits alone do not establish that holders sold XRP.
Bitwise led daily inflows with $10.55 million, while Franklin recorded a $4.07 million outflow on Oct. 6.
U.S. spot XRP exchange-traded funds added $3.14 million on Oct. 6, led by a $10.55 million day for Bitwise, hours before a flash crash dragged XRP from $1.52 to $1.46. The Day in Three Lines Tuesday's flows were small in total but uneven underneath, with Sosovalue data recording the following movements: Bitwise XRP ETF: +$10.
XRP continues to hover around the $1.50 mark throughout this week. Current pricing sits in a narrow corridor between $1.46 and $1.51, registering a modest 1% to 2% decline across the past 24-hour period, varying slightly by the time of observation.
The partnership will assess Ripple Custody and tokenization infrastructure for South Korea's capital markets, while potential services involving ETFs, stablecoins and tokenized securities remain under review.