Ripple’s leading prime brokerage unit has announced the completion of a $200 million financing deal with global investment management firm Neuberger Berman. This investment is aimed at raising leverage capacities for investors on both traditional and digital asset markets via the company’s platform.
Strategic focus for Ripple Prime’s expansion
According to Ripple, the funds will be dedicated to the accelerated growth of Ripple Prime, its multi-asset institutional brokerage platform. Company officials highlighted the mounting demand for institution-focused services and leveraged financing solutions. Notably, Ripple reported that following the acquisition and rebranding of Hidden Road to Ripple Prime in 2025, annual revenues from the platform have tripled since then.
Ripple made a significant mark in the prime brokerage arena by acquiring Hidden Road for $1.25 billion, setting a record as one of the largest deals in the crypto sector. The company subsequently expanded its capabilities further by purchasing treasury management software provider GTreasury for $1 billion. Neuberger Berman, with approximately $570 billion in assets under management, stands out as a prominent global investment firm.
Leadership perspectives on the financing agreement
Ripple Prime President Noel Kimmel explained that, “In today’s fast-moving markets, easy access to financing and balance sheet strength are crucial for institutional players. With this funding agreement, we aim to drive our growth alongside our clients, providing higher leverage, faster execution, and more efficient capital management.”
Kimmel emphasized that Neuberger Specialty Finance brings substantial experience in asset-backed financing and has a strong grasp of Ripple Prime’s services and business model.
Neuberger Specialty Finance President Peter Sterling added that Ripple Prime has built a platform that combines bank-grade compliance and robust operations with innovative fintech infrastructure.
Growing role of institutions in crypto markets
Recently, institutional interest in crypto assets has surged. This increase is partly attributed to actions by former U.S. President Donald Trump’s administration to advance more crypto-friendly regulations. With Ripple’s ongoing growth, traditional financial firms are also accelerating their crypto-related offerings.
Earlier this year, State Street Corp. revealed plans to launch a digital asset platform, while Standard Chartered announced upcoming brokerage services for crypto trading.
In addition, Ripple attracted a further $500 million investment backed by Fortress Investment Group and Citadel Securities. This raise brought the company’s valuation to $40 billion and reinforced Ripple’s initiatives in custody, stablecoin, and prime brokerage services.
