Ripple Prime secured $200 million in funding from Neuberger Berman to expand its margin financing for trading.
Ripple Prime's revenue has tripled year-over-year since Ripple acquired and rebranded Hidden Road in 2025.
The funding will support the growing demand for Ripple Prime's multi-asset prime brokerage platform.
This deal highlights the increasing interest of institutional investors in the crypto space, with firms like State Street and Standard Chartered also building digital asset platforms.
Ripple also raised $500 million, giving the firm a $40 billion valuation, to boost its expansion into custody, stablecoins, and prime-brokerage services.
Why this matters: This funding enables Ripple Prime to meet the growing demand for its services and enhances its ability to provide margin financing, a critical component for institutional traders in both traditional and digital asset markets. The increased institutional interest validates the growing importance of crypto assets in mainstream finance.
Ripple Prime's recent funding agreement with Neuberger Berman marks a significant step in the platform's growth and expansion. Since acquiring and rebranding Hidden Road in 2025, Ripple Prime has experienced substantial revenue growth, tripling year-over-year. This funding will further support the platform's ability to offer increased margin capacity and improved capital efficiency to its clients.
Institutional interest in crypto assets is on the rise, driven by regulatory developments and the increasing maturity of the digital asset market. Major financial institutions like State Street and Standard Chartered are also developing their digital asset platforms, signaling a broader acceptance and integration of crypto into the traditional financial system.
Ripple's strategic expansion into custody, stablecoins, and prime brokerage services, supported by a $500 million fundraise, positions the company as a key player in the evolving digital asset landscape.
Q: What is Ripple Prime?
Ripple Prime is Ripple's prime brokerage platform that offers services for trading in traditional and digital asset markets.
Q: Why did Ripple acquire Hidden Road?
Ripple acquired Hidden Road to expand its prime brokerage offerings and cater to the growing demand for institutional-grade services in the crypto space.
Q: What does this funding mean for Ripple Prime clients?
The funding will enable Ripple Prime to offer increased margin capacity, greater responsiveness, and improved capital efficiency.
Ripple Prime's $200 million funding will enhance its services and expand its reach in the digital asset market.
Institutional interest in crypto is growing, indicating a potential shift towards greater mainstream adoption.
Ripple is strategically expanding its services to become a comprehensive provider in the digital asset space.
Access to financing and balance sheet strength are critical for institutional participants in today's dynamic markets.
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