Ripple Secures $200M to Expand Ripple Prime Platform

TLDR

• Ripple secured $200 million in funding from Neuberger Berman to expand its prime brokerage platform.
• The company will use the capital to increase margin capacity across traditional and digital asset markets.
• Ripple rebranded Hidden Road as Ripple Prime after acquiring it for $1.25 billion in 2025.
• Ripple Prime reported that its revenue has tripled year over year since the acquisition.
• Noel Kimmel said the funding will improve capital efficiency and support institutional client growth.

Ripple secured a $200 million funding agreement with Neuberger Berman to expand its prime brokerage services. The company will use the capital to increase margin capacity across traditional and digital asset markets. The deal strengthens Ripple’s institutional platform and supports rising client demand.

Ripple Prime Expands With New Institutional Financing

Ripple confirmed it closed a $200 million funding facility with Neuberger Berman on Monday. The company will use the capital to expand margin offerings across traditional and digital assets. Executives said the agreement strengthens liquidity and operational capacity.

The funding supports the continued growth of Ripple Prime. Ripple rebranded Hidden Road as Ripple Prime after acquiring it in 2025. The firm reported that platform revenue has tripled year over year since the acquisition.

Ripple acquired Hidden Road for $1.25 billion in 2025. The deal ranked among the largest transactions in cryptocurrency industry history. The company later agreed to acquire GTreasury for $1 billion to expand treasury services.

Noel Kimmel, President of Ripple Prime, addressed the funding in a statement. He said, “Dependable access to financing and balance sheet strength are critical to institutional participants.” He added that the facility will increase margin capacity and improve capital efficiency.

Kimmel also said Neuberger Specialty Finance brings expertise in asset-based finance. He stated the firm understands Ripple Prime’s services and operating model. The agreement aims to align financing capacity with institutional client growth.

Peter Sterling, Head of Neuberger Specialty Finance, commented on the transaction. He said Ripple Prime built an innovative brokerage platform combining fintech technology with compliance standards. Sterling emphasized the firm’s operational rigor and agility.

Neuberger Berman manages approximately $570 billion in total assets under management. The investment firm operates across multiple asset classes and global markets. The agreement reflects institutional collaboration in digital asset infrastructure.

Institutional Demand Drives Ripple Prime Growth Strategy

Ripple raised $500 million earlier at a $40 billion valuation. Fortress Investment Group and Citadel Securities backed that funding round. The company used that capital to expand custody, stablecoins, and brokerage services.

Institutional participation in digital assets continues to increase. The U.S. administration under President Donald Trump has supported crypto-friendly regulatory initiatives. Market participants have responded with new digital asset offerings.

State Street Corp. announced a digital asset platform earlier this year. Standard Chartered Plc revealed plans to establish a crypto prime brokerage service. These developments reflect expanding institutional infrastructure.

Ripple positioned Ripple Prime as a multi-asset brokerage platform. The company combines fintech systems with bank-level compliance standards. Executives said the new financing will support client responsiveness and balance sheet growth.

Kimmel stated that the facility enables the company to grow alongside institutional clients. He said it will deliver greater responsiveness and expanded margin access. The funding agreement closed as institutional demand for brokerage services continued to rise.

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