Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
Key takeaways
- By Olivier Acuna|Edited by Oliver Knight May 11, 2026, 1:47 p.m.
- 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.
- Ripple acquired prime-brokerage Hidden Road for $1.25 billion, one of the largest deals in the history of the cryptocurrency industry.
By Olivier Acuna|Edited by Oliver Knight May 11, 2026, 1:47 p.m. 2 min read Make preferred on Global asset manager Neuberger Berman has entered an agreement to fund Ripple's Ripple Prime platform with $200 million for expansion. (AlainM47/Wikimedia Commons)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).