Ripple locks in $200M from Neuberger Berman to scale its prime brokerage platform!

Ripple's prime-brokerage unit, Ripple Prime, has closed a $200 million funding facility with Neuberger Berman — a global asset manager overseeing roughly $570 billion in AUM — to expand margin financing across traditional and digital asset markets. The deal comes as Ripple Prime's revenue has tripled year over year since Ripple acquired and rebranded Hidden Road in 2025 for $1.25 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."

The Neuberger deal is the latest in a string of institutional moves for Ripple, which earlier raised $500 million at a $40 billion valuation backed by Fortress Investment…