Hassan Maishera
TL;DR
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Ripple secured a $200 million funding agreement with Neuberger Berman to expand margin financing for its Ripple Prime brokerage platform.
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The move comes as institutional demand for crypto services grows, with Ripple continuing its aggressive expansion following billion-dollar acquisitions.
Ripple’s prime-brokerage arm announced Monday that it has secured a $200 million funding agreement with global investment manager Neuberger Berman to expand the margin financing it offers investors across traditional and digital asset markets.
The company said the new capital will support the continued growth of its multi-asset prime brokerage platform, Ripple Prime, as institutional demand for margin financing and institutional-grade crypto services continues to rise.
Ripple stated that revenue from Ripple Prime has tripled year over year since the company acquired Hidden Road in 2025 and later rebranded the platform. Neuberger Berman oversees approximately $570 billion in assets under management.
Ripple Doubles down on Institutional Crypto Expansion
Ripple’s agreement with Neuberger Berman follows a series of major acquisitions aimed at strengthening its institutional finance business.
The company acquired prime broker Hidden Road in a $1.25 billion deal — one of the largest acquisitions in crypto industry history — before later agreeing to purchase 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. This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency,” said Noel Kimmel, President of Ripple Prime.
He also said Neuberger Specialty Finance brings significant expertise in asset-based finance and a deep understanding of Ripple Prime’s business model and services.
Institutional Demand for Crypto Services Continues to Grow
Peter Sterling, Head of Neuberger Specialty Finance, praised Ripple Prime’s approach to institutional brokerage infrastructure.
“Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor,” Sterling said.
Institutional interest in digital assets has accelerated in recent months, partly driven by the Trump administration’s push for more crypto-friendly regulations in the United States.
Traditional financial firms are also increasing their exposure to crypto infrastructure. State Street earlier this year unveiled a digital-asset platform, while Standard Chartered is preparing to launch a crypto prime brokerage business.
Ripple recently raised an additional $500 million at a $40 billion valuation, with backing from Fortress Investment Group and Citadel Securities. The company said the capital would support its expansion into crypto custody, stablecoins, and prime brokerage services.
