Ripple has partnered with Neuberger Berman for $200 million to scale its Ripple Prime platform, which has seen revenue triple in a year.
Ripple is making significant strides in the cryptocurrency space with its recent agreement with Neuberger Berman, a global investment firm. On Monday, Ripple announced the $200 million funding aimed at expanding its Ripple Prime platform. This initiative underscores the rapidly growing interest in institutional-grade crypto services, particularly as Ripple Prime has seen its revenue triple in the past year.
The $200 million in funding from Neuberger Berman comes at a crucial time for Ripple as it seeks to enhance its offerings in both traditional and digital asset markets through Ripple Prime. The financing is designed to support expanding margin financing capabilities, which are essential for institutional investors navigating the complexities of today’s financial landscape.
Noel Kimmel, President of Ripple Prime, emphasized the importance of dependable access to financing for institutional clients. He stated that the collaboration with Neuberger Berman allows Ripple to grow alongside its clients by increasing margin capacity and improving capital efficiency. This move is indicative of the rising demand for sophisticated trading solutions in the cryptocurrency sector.
Since Ripple acquired Hidden Road for $1.25 billion and rebranded it as Ripple Prime in 2025, the platform has illustrated remarkable growth. The revenue of Ripple Prime has tripled year over year, reflecting the escalating demand for its multi-asset prime brokerage services. Neuberger Berman, managing approximately $570 billion in total assets, brings significant expertise in asset-based finance, which could enhance Ripple Prime's offerings further.
Peter Sterling, Head of Neuberger Specialty Finance, praised Ripple Prime's innovative approach in blending fintech technology with compliance rigor. This unique combination positions Ripple Prime well within a competitive crypto landscape, making it an appealing destination for institutional investors.
The partnership between Ripple and Neuberger Berman highlights a larger trend of increasing institutional interest in cryptocurrency assets. Major firms are reinforcing their strategies in this sector, with State Street Corp. and Standard Chartered both making significant moves to establish digital asset platforms.
Furthermore, this recent funding follows Ripple's earlier fundraising efforts, where the company raised $500 million, achieving a robust valuation of $40 billion. The injected capital aims to accelerate Ripple's growth into high-demand areas such as custody solutions, stablecoins, and further refinements in prime-brokerage services.
The collaboration between Ripple and Neuberger Berman represents an evolving narrative in the cryptocurrency market, where institutional demands are influencing the direction and growth of crypto-related services. As regulations become more favorable, driven by leading policymakers, the sector is poised for further exploration.
With Ripple Prime leading the charge in offering sophisticated trading solutions, the growing emphasis on compliance and reliability will bode well for attracting more institutional clients. Indeed, this partnership exemplifies how traditional finance and blockchain technology can intersect to innovate the future of finance.
The future looks bright for Ripple Prime as it embarks on this scalable journey with Neuberger Berman. With financial institutions increasingly recognizing the potential of blockchain technologies and digital assets, Ripple is well-positioned to meet the evolving needs of this market. The anticipation surrounding crypto-friendly regulations in the U.S. suggests an auspicious climate for further developments.
The rise in interest from institutional investors is paving the way for Ripple and similar companies to redefine financial services. By focusing on enhancing their platforms like Ripple Prime, firms are laying the groundwork for a new era in finance where blockchain plays a crucial role.