Ripple announced Monday that its prime-brokerage unit has secured a $200 million funding agreement with global investment firm Neuberger Berman. The capital will expand margin offerings for investors trading both traditional and digital assets.
The funding supports the continued growth of Ripple Prime, a multi-asset platform that has seen its revenue triple year over year since Ripple acquired Hidden Road for $1.25 billion in 2025 and rebranded it. Neuberger Berman manages approximately $570 billion in assets.
Noel Kimmel, President of Ripple Prime, said the facility enables the firm to grow alongside clients by delivering increased margin capacity and capital efficiency. Peter Sterling, Head of Neuberger Specialty Finance, highlighted the platform's combination of fintech agility with bank-level compliance.
The announcement underscores deepening institutional involvement in crypto assets, partly driven by the Trump administration's push for crypto-friendly regulation. State Street recently launched a digital-asset platform, and Standard Chartered plans to establish a crypto prime brokerage.
Separately, Ripple raised $500 million at a $40 billion valuation last year, backed by Fortress Investment Group and Citadel Securities, to expand into custody, stablecoins, and prime brokerage.