Ripple Raises $200M from Neuberger Berman to Expand Prime Platform

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 for trading in traditional and digital asset markets.

The funding will support the ongoing growth of Ripple Prime, the company's multi-asset prime brokerage platform. Ripple noted that since acquiring Hidden Road and rebranding it as Ripple Prime in 2025, the platform's revenue has tripled year over year. Neuberger Berman, which manages approximately $570 billion in total assets, is backing the expansion to meet increasing client demand for institutional-grade services and margin financing solutions.

For cryptocurrency traders, this development underscores the deepening integration of digital assets into mainstream finance. Prime brokerage services that offer margin trading across both traditional and crypto markets reduce friction for institutional investors, potentially boosting liquidity and price stability in crypto markets. Traders can monitor how such institutional inflows affect asset prices on NowPrice's real-time crypto dashboard.

Looking ahead, the success of Ripple Prime's expansion may encourage other prime brokers to offer similar multi-asset margin services, further blurring the lines between traditional and digital asset trading. Key metrics to watch include Ripple Prime's client growth and trading volumes, as well as any similar moves by competitors in the prime brokerage space.