Ripple secures $200M funding from Neuberger Berman to expand Prime
Ripple said it has completed a $200 million financing deal with Neuberger Berman for its Ripple Prime multi-asset prime brokerage platform.
The funding is intended to boost leverage capacity for institutional investors trading both traditional assets and crypto, with a direct focus on $XRP markets. Ripple Prime President Noel Kimmel said the deal will support faster execution, stronger balance-sheet capacity, and more efficient capital management for institutions. Neuberger Specialty Finance President Peter Sterling added that Ripple Prime combines bank-grade compliance and operations with fintech infrastructure.
Ripple also linked the announcement to recent platform momentum. The company reported that after the acquisition and rebranding of Hidden Road to Ripple Prime in 2025, Ripple Prime revenues have tripled. It previously bought Hidden Road for $1.25 billion and later acquired GTreasury for $1 billion.
Broader context: institutions’ crypto engagement has been rising, supported by more crypto-friendly U.S. regulatory direction under the Trump administration. The article also cites that State Street plans a digital-asset platform and Standard Chartered plans crypto brokerage services. Separately, Ripple noted it attracted an additional $500 million investment backed by Fortress Investment Group and Citadel Securities, bringing valuation to $40 billion and reinforcing custody, stablecoin, and prime brokerage initiatives.
Disclaimer: The article is not investment advice.
Bullish
This is likely bullish for sentiment because Ripple Prime’s $200M funding increases institutional trading capacity via higher leverage and improved execution/capital efficiency—conditions that typically attract larger liquidity providers to XRP-linked venues. The announcement is also framed around measurable platform traction (Hidden Road acquisition/rebrand leading to tripled revenues), which can reinforce confidence in Ripple Prime’s business durability.
In the short term, traders may react to the funding as a positive catalyst for XRP-related market depth and derivatives activity, especially if leverage demand rises. In the long term, repeated capacity expansion and stronger relationships with major asset managers can support a sustained institutional bid for XRP infrastructure (custody/stablecoin/prime services). Historically, similar “prime broker / financing capacity” expansions in TradFi-style crypto venues have tended to improve liquidity first and only later translate into broader price follow-through—so upside is more likely to show up through market structure metrics (volume, open interest, spreads) before spot price momentum.