Ripple’s prime-brokerage unit has roped in $200 million in financing from investment manager Neuberger Berman in order to boost its trading margin.
The capital injection comes at a time when the firm is scaling up its ongoing efforts to advance its multi-asset prime brokerage platform.
Ripple had acquired Hidden Road and rebranded it as Ripple Prime in 2025 for a deal value of $1.25 billion, making it one of the biggest deals in the history of the crypto industry.
According to the company, revenue from the platform has now tripled on a year-over-year basis, pointing to significantly stronger demand from institutional clients.
The capital investment stems from Neuberger Berman’s strong balance sheet. The institutional asset manager oversees roughly $570 billion in total assets under management.
“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.”
Executives highlight deal importance
Ripple’s leadership has pointed to the strategic funding deal as an increase of investor interest in digital assets.
Kimmel explained that, in addition to bringing in financial backing, Neuberger Berman and its specialty finance subsidiary have extensive experience with asset-based financing.
He added that the firm also has a strong understanding of Ripple Prime’s operating model, which blends traditional financial structures with crypto-native infrastructure.
Commenting on the platform, Peter Sterling, Head of Neuberger Specialty Finance, said Ripple Prime has built a brokerage system designed to bridge two worlds.
In his words, the platform merges the rapidity and agility of fintech technology with the same levels of compliance and organizational efficiency expected from big banks.
Such positioning, in his opinion, will help the firm attract institutional clients who seek both innovative solutions and regulatory compliance.
The general context surrounding Ripple’s growth strategy is the increasing involvement of institutional investors in the world of cryptocurrencies. Such a trend has been partly facilitated by a change in the U.S. government’s attitude toward cryptocurrencies under the Trump administration, which favors clearer regulations and increased industry involvement.
Ripple’s growth in tandem with market moves
The capital raised by Ripple takes place during a time when some of the biggest banks have also begun making moves in the digital assets sector. State Street, for instance, recently unveiled that it will develop a digital assets platform, which highlights that even custodians and asset managers are becoming increasingly interested in the industry. Likewise, Standard Chartered is gearing up to develop a prime brokerage facility for crypto trading.
At the same time, Ripple itself has obtained substantial financing to facilitate its expansion plans. Recently, the company was able to raise $500 million in funding, which made it a $40 billion company. This round of funding also witnessed the involvement of major institutional investors like Fortress Investment Group and Citadel Securities.
The capital raised by Ripple will be used to drive the growth of the company in various areas. These include custody services, stablecoin development, and expansion of its prime brokerage platform, Ripple Prime. Each of the segments is aimed at deepening Ripple’s footprint in institutional-grade crypto infrastructure.
