Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform

📄Full Article· Automatically extracted by trafilatura3636 words

Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year, when. it acquired it for $1.25 billion. What to know: - Ripple Prime secured a $200 million funding facility from Neuberger Berman to expand margin financing for trading in traditional and digital asset markets. - Ripple said the financing will support growing demand for its multi-asset prime brokerage platform, whose revenue has tripled year over year since it acquired and rebranded Hidden Road in 2025. - The deal underscores rising institutional interest in crypto, as major firms such as State Street and Standard Chartered build digital-asset platforms and as Ripple continues its expansion following a $500 million fundraise at a $40 billion valuation. Ripple’s prime-brokerage unit announced Monday it closed a $200 million funding agreement with global investment firm Neuberger Berman to expand the margin it offers investors to trade in traditional and digital asset markets. In its announcement, Ripple also said the funding will help support the ongoing growth of its multi-asset prime brokerage platform, Ripple Prime, citing increasing client demand for its institutional-grade services and margin financing solutions. The crypto firm said that since it acquired Hidden Road and rebranded it as Ripple Prime in 2025, this platform’s revenue has tripled year over year. Neuberger Berman has approximately $570 billion in total assets under management (AUM). Ripple acquired prime-brokerage Hidden Road for $1.25 billion, one of the largest deals in the history of the cryptocurrency industry. The company later agreed to buy treasury-management software provider GTreasury for $1 billion. “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.” Kimmel said that apart from the funding, Neuberger Specialty Finance brings deep expertise in asset-based finance and a strong understanding of Ripple Prime’s services and business model. “Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor,” said Peter Sterling, Head of Neuberger Specialty Finance. Institutional investors are getting increasingly more involved in crypto assets, in part due to the U.S. President Donald Trump’s Administration’s drive for more crypto-friendly rules and regulations. State Street Corp. announced a digital-asset platform earlier this year, while Standard Chartered Plc has plans to set up a prime brokerage for crypto trading. Ripple also raised $500 million, giving the firm a $40 billion valuation, with backing from Fortress Investment Group and Citadel Securities. That capital was used to boost Ripple’s expansion into custody, stablecoins and prime-brokerage services. More For You Anchorage Digital co-founder and CEO Nathan McCauley said there will be ‘increased neutrality’ from his firm on stablecoins. What to know: - Anchorage, which is partnering with stablecoin issuance platform M0, says it has a pipeline of 20 firms looking for help to issue stablecoins. - Becoming a white-label stablecoin issuer for so many different groups, requires thinking about incentive structures and if everything is still aligned, CEO McCauley said.

Data Status✓ Full text extractedRead Original (CoinDesk)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-11

Ripple Prime Lands $200 Million Credit Facility to Scale Institutional Margin Capabilities

2026-05-11

Ripple Lands $200 Million Financing Facility to Expand Institutional Crypto Brokerage

2026-04-29

Ripple, Bullish Expand Institutional Access to BTC Options Trading

Similarity 300%標的 XRP關鍵字 ripple/expand

2026-04-29

Bullish brings Bitcoin options trading to Ripple Prime's institutional clients

Similarity 300%標的 XRP關鍵字 ripple/prime