Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
Ripple secured $200 million from Neuberger Berman to scale its institutional Ripple Prime brokerage platform and increase margin financing capacity.Summary
Ripple has finalized a $200 million funding agreement with global investment firm Neuberger Berman to expand its prime-brokerage unit, Ripple Prime. This capital injection is designed to support the growing institutional demand for margin financing in both traditional and digital asset markets. Since Ripple’s acquisition and rebranding of Hidden Road into Ripple Prime in 2025, the platform has seen its revenue triple.
Noel Kimmel, President of Ripple Prime, stated that the partnership will improve capital efficiency and responsiveness for institutional clients. This move comes as institutional interest in cryptocurrency grows, supported by a more favorable regulatory environment. Ripple’s recent expansion efforts also include the acquisition of GTreasury and substantial capital raises to bolster its services in custody, stablecoins, and prime brokerage.
(Source：CoinDesk)