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Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
TL;DR
Ripple secured $200 million from Neuberger Berman to enhance its Ripple Prime platform, which offers margin trading in traditional and digital assets. The funding aims to meet rising client demand for institutional-grade services.
Key points
- Ripple raised $200 million from Neuberger Berman
- Funding aims to expand Ripple Prime platform
- Ripple Prime's revenue has tripled year over year
- Funding supports margin trading in traditional and digital assets
- Neuberger Berman manages approximately $570 billion in assets
Mentioned in this story
RippleNeuberger Berman
Ripple PrimeHidden RoadGTreasury
Ripple’s prime-brokerage unit announced Monday it closed a $200 million funding agreement with global investment firm Neuberger Berman to expand the margin it offers investors to trade in traditional and digital asset markets.
In its announcement, Ripple also said the funding will help support the ongoing growth of its multi-asset prime brokerage platform, Ripple Prime, citing increasing client demand for its institutional-grade services and margin financing solutions.
The crypto firm said that since it acquired Hidden Road and rebranded it as Ripple Prime in 2025, this platform’s revenue has tripled year over year. Neuberger Berman has approximately $570 billion in total assets under management (AUM).
Ripple acquired prime-brokerage Hidden Road for $1.25 billion, one of the largest deals in the history of the cryptocurrency industry. The company later agreed to buy treasury-management software provider GTreasury for $1 billion.
“Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets,” said Noel Kimmel, President of Ripple Prime. “This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency.”
Kimmel said that apart from the funding, Neuberger Specialty Finance brings deep expertise in asset-based finance and a strong understanding of Ripple Prime’s services and business model.
“Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor,” said Peter Sterling, Head of Neuberger Specialty Finance.
Institutional investors are getting increasingly more involved in crypto assets, in part due to the U.S. President Donald Trump’s Administration’s drive for more crypto-friendly rules and regulations.
State Street Corp. announced a digital-asset platform earlier this year, while Standard Chartered Plc has plans to set up a prime brokerage for crypto trading.
Q&A
How much funding did Ripple raise from Neuberger Berman?
Ripple raised $200 million from Neuberger Berman to expand its Ripple Prime platform.
What is Ripple Prime and how has it performed financially?
Ripple Prime is a multi-asset prime brokerage platform that has seen its revenue triple year over year since its rebranding in 2025.
What will the funding from Neuberger Berman be used for?
The funding will be used to expand margin trading capacity and support the growth of Ripple Prime's services in response to increasing client demand.
