Ripple’s prime brokerage unit announced Monday that it has entered into a $200 million funding deal 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 would help support the continued growth of its multi-asset prime brokerage platform, Ripple Prime, citing growing customer demand for its institutional-grade services and margin financing solutions.
The crypto company said that since it acquired Hidden Road and renamed it Ripple Prime in 2025, revenue from this platform has tripled year over year. Neuberger Berman has total assets under management (AUM) of approximately $570 billion.
Ripple has acquired brokerage firm Hidden Road for $1.25 billion, one of the largest transactions in the history of the cryptocurrency industry. The company then agreed to buy cash management software provider GTreasury for $1 billion.
“Reliable access to financing and balance sheet strength are essential for institutional players in today’s dynamic markets,” said Noel Kimmel, President of Ripple Prime. “This facility allows us to grow alongside our customers by providing increased margin capacity, greater responsiveness and improved capital efficiency. »
Kimmel said that in addition to financing, Neuberger Specialty Finance brings deep expertise in asset-based financing and a solid understanding of Ripple Prime’s services and business model.
“Ripple Prime has built an innovative brokerage platform combining fintech-level technology and agility with bank-level compliance and operational rigor,” said Peter Sterling, head of Neuberger Specialty Finance.
Institutional investors are increasingly getting involved in crypto assets, in part due to the push by US President Donald Trump’s administration to adopt more crypto-friendly rules and regulations.
State Street Corp. announced a digital assets platform earlier this year, while Standard Chartered Plc plans to create a leading brokerage firm for trading cryptocurrencies.
Ripple also raised $500 million, giving the company a valuation of $40 billion, with backing from Fortress Investment Group and Citadel Securities. This capital was used to drive Ripple’s expansion into custody, stablecoin, and prime brokerage services.
