Ripple Neuberger Berman Funding Brings $200 Million to Prime Brokerage
Ripple’s prime-brokerage unit closed a $200 million ripple neuberger berman funding deal on Monday, giving Ripple Prime more room to expand the margin it offers investors trading traditional and digital assets. For institutional clients, the immediate change is more financing capacity tied to the platform they use for multi-asset trading.
Ripple said the agreement is meant to support the ongoing growth of Ripple Prime, its multi-asset prime brokerage platform. Noel Kimmel, president of Ripple Prime, said: “Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets.”
Ripple Prime Gets $200 Million
The new facility is aimed at expanding margin financing, which lets clients trade with more balance-sheet support than before. Ripple said client demand for its institutional-grade services and margin financing solutions is increasing, and Kimmel said: “This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency.”
That directly ties the new money to the platform’s operating model rather than to a one-time product launch. Ripple Prime serves traditional and digital asset markets, so the added funding feeds the same infrastructure clients already use rather than forcing a separate workflow for crypto and conventional trading.
Neuberger Berman’s $570 Billion Base
Neuberger Berman has approximately $570 billion in total assets under management, and Peter Sterling, head of Neuberger Specialty Finance, said: “Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor.” Ripple also said Neuberger Specialty Finance has deep expertise in asset-based finance and a strong understanding of Ripple Prime’s services and business model.
The deal lands after Ripple acquired Hidden Road for $1.25 billion in 2025 and rebranded the business as Ripple Prime. Ripple said revenue at the unit has tripled year over year since that acquisition and rebrand, which gives the new financing a clearer target: support a platform that is already scaling rather than one still waiting for demand to appear.
Ripple’s Capital Stack Grows
$500 million in prior funding backed by Fortress Investment Group and Citadel Securities valued Ripple at $40 billion, and Ripple later agreed to buy treasury-management software provider GTreasury for $1 billion. The sequence shows a company that is adding capital and assets while trying to deepen the services around Ripple Prime.
For clients, the practical takeaway is narrower than the headlines: more financing support could make the platform easier to use for larger or more frequent trades across asset classes. Ripple still has to prove that the extra balance sheet translates into better execution and broader access, but Monday’s deal puts fresh capital behind that test.
