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

Ripple announced its statement with the planetary concern steadfast Monday, noting that Ripple Prime’s gross has tripled successful the past year, when. it acquired it for $1.25 billion.

May 11, 2026, 1:47 p.m. 2 min read

Ripple’s prime-brokerage portion announced Monday it closed a $200 million backing statement with planetary concern steadfast Neuberger Berman to grow the borderline it offers investors to commercialized successful accepted and integer plus markets.

In its announcement, Ripple besides said the backing volition assistance enactment the ongoing maturation of its multi-asset premier brokerage platform, Ripple Prime, citing expanding lawsuit request for its institutional-grade services and borderline financing solutions.

The crypto steadfast said that since it acquired Hidden Road and rebranded it arsenic Ripple Prime successful 2025, this platform’s gross has tripled twelvemonth implicit year. Neuberger Berman has astir $570 billion successful full assets nether absorption (AUM).

Ripple acquired prime-brokerage Hidden Road for $1.25 billion, 1 of the largest deals successful the past of the cryptocurrency industry. The institution aboriginal agreed to bargain treasury-management bundle supplier GTreasury for $1 billion.

“Dependable entree to financing and equilibrium expanse spot are captious to organization participants successful today’s dynamic markets,” said Noel Kimmel, President of Ripple Prime. “This installation enables america to turn alongside our clients by delivering accrued borderline capacity, greater responsiveness, and improved superior efficiency.”

Kimmel said that isolated from the funding, Neuberger Specialty Finance brings heavy expertise successful asset-based concern and a beardown knowing of Ripple Prime’s services and concern model.

“Ripple Prime has built an innovative brokerage level combining fintech-grade exertion and agility with bank-level compliance and operational rigor,” said Peter Sterling, Head of Neuberger Specialty Finance.

Institutional investors are getting progressively much progressive successful crypto assets, successful portion owed to the U.S. President Donald Trump’s Administration’s drive for much crypto-friendly rules and regulations.

State Street Corp. announced a digital-asset level earlier this year, portion Standard Chartered Plc has plans to acceptable up a premier brokerage for crypto trading.

Ripple besides raised $500 million, giving the steadfast a $40 cardinal valuation, with backing from Fortress Investment Group and Citadel Securities. That superior was utilized to boost Ripple’s enlargement into custody, stablecoins and prime-brokerage services.