Ripple announced on Monday that its prime brokerage unit, Ripple Prime, has closed a $200 million funding agreement with global investment firm Neuberger Berman. The capital will be used to expand margin offerings for institutional investors trading in both traditional and digital asset markets. Since Ripple acquired Hidden Road and rebranded it as Ripple Prime in 2025, the platform's revenue has tripled year over year. Neuberger Berman manages approximately $570 billion in assets. The deal reflects growing institutional demand for crypto services amid a more favorable U.S. regulatory environment under President Trump. Ripple Prime President Noel Kimmel emphasized that reliable access to financing is critical for institutional participants. This funding follows Ripple's $500 million capital raise at a $40 billion valuation, which supported expansion into custody, stablecoins, and prime brokerage. Other traditional finance players like State Street and Standard Chartered are also entering the crypto space.

Key facts

• Ripple Prime secured $200M funding from Neuberger Berman for margin expansion.
• Revenue of Ripple Prime has tripled year-over-year since rebranding in 2025.
• Neuberger Berman has approximately $570 billion in assets under management.
• Funding supports institutional demand amid pro-crypto U.S. regulations.
• Ripple previously raised $500M at a $40B valuation for expansion.