In a landmark collaboration within the crypto and traditional finance sectors, Ripple‘s prime brokerage arm has secured a whopping $200 million from the global investment management firm, Neuberger Berman. This infusion is set to enhance the leverage potential for investors engaging with both traditional and cryptocurrency markets through Ripple’s platform.
How Will Ripple Utilize the New Funds?
The capital raised is earmarked specifically for the expedited growth of Ripple Prime, the company’s multi-asset institutional brokerage wing. The company is clearly poised to meet the growing demand for specialized institutional services with a focus on leveraged financing. Ripple notes that ever since acquiring and rebranding Hidden Road under the Ripple Prime banner in 2025, its platform’s annual revenue has seen a remarkable threefold increase.
The prime brokerage strategy was significantly bolstered with Ripple’s $1.25 billion acquisition of Hidden Road, recorded as one of the biggest transactions in the crypto industry. Subsequent expansion was achieved through the $1 billion purchase of GTreasury, a treasury management software provider. Neuberger Berman, managing close to $570 billion in assets, adds significant weight to this partnership as an influential global investment firm.
What Do Leaders Say About This Big Move?
Ripple Prime’s President Noel Kimmel emphasized the essential nature of robust financing in today’s volatile markets, underscoring the importance of access to strong balance sheets for institutional entities.
“In today’s fast-moving markets, easy access to financing and balance sheet strength are crucial for institutional players. With this funding agreement, we aim to drive our growth alongside our clients, providing higher leverage, faster execution, and more efficient capital management,” said Kimmel.
Kimmel highlighted Neuberger Specialty Finance’s expertise in asset-backed financing, which complements Ripple Prime’s strategic objectives effectively.
“Ripple Prime has built a platform that combines bank-grade compliance and robust operations with innovative fintech infrastructure,” commented Neuberger Specialty Finance President Peter Sterling.
Institutional presence in cryptocurrency markets is substantially growing, driven partly by crypto-positive regulatory measures initiated during the Trump administration. In line with these trends, Ripple’s increasing size prompts traditional financial enterprises to speed up their crypto integrations.
Major entities like State Street Corp. and Standard Chartered have shown their proactive stance, planning to launch digital asset platforms and brokerage services, respectively.
In Ripple’s continuous quest for growth and dominance, a further $500 million was secured from key investors like Fortress Investment Group and Citadel Securities, elevating Ripple’s market valuation to approximately $40 billion.
