Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year, when. it acquired it for $1.25 billion.
What to know:
- Ripple Prime secured a $200 million funding facility from Neuberger Berman to expand margin financing for trading in traditional and digital asset markets.
- Ripple said the financing will support growing demand for its multi-asset prime brokerage platform, whose revenue has tripled year over year since it acquired and rebranded Hidden Road in 2025.
- The deal underscores rising institutional interest in crypto, as major firms such as State Street and Standard Chartered build digital-asset platforms and as Ripple continues its expansion following a $500 million fundraise at a $40 billion valuation.
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.”
