Faced with higher demands of pigments in various applications, the performance of pigments in a specific system is in urgent need of optimization and improvement. Polyorganosiloxane (POS) stands out among various encapsulating polymeric materials for pigment modification due to its superior thermal stability and alkali resistance. However, the inherent hydrophobicity of POS causes poor stability in aqueous systems, which is usually applied in environmentally friendly applications. Grafting hydrophilic polymer chains on the surface of POS could improve water dispersity. In addition, the encapsulated pigment can also be endowed with various functionalities by selecting or combining grafted polymers. Herein, we reported a strategy to encapsulate Prussian blue (PB27) with POS grafted with poly(acrylic acid) (PAA) or poly(N-(2-hydroxyethyl) acrylamide) (PHEAA) to allow better stability and functionality of the composite pigment particles, denoted as PB27@POS@PAA or PB27@POS@PHEAA, respectively. The effect of the number of monomers and the amount of initiator potassium persulfate (KPS) on the brush thickness of the grafted polymers was studied, along with various performance properties and the functionality of PB27@POS@PAA and PB27@POS@PHEAA. The dispersity, alkali resistance, and high-temperature stability are studied. The brush-like composite pigment performs better after centrifugation (5000 rpm, 30 min) or treatment under 90 °C when the dosage of grafting monomer AA or HEAA reaches 400 wt%. Optimal alkali resistance was obtained for PB27@POS@PAA (AA, 200 wt%) with a particle size variation of only 31 nm after 8 h. Comparably, PB27@POS@PHEAA behaved worse under similar conditions. Moreover, PB27@POS grafted with PAA was responsive to pH and that with PHEAA showed excellent antifouling properties, which could also be replaced by other functional monomers if needed.