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

Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year, when. it acquired it for $1.25 billion. \nWhat to know : Ripple Prime secured a $200 million funding facility from Neuberger Berman to expand margin financing for trading in traditional and digital asset markets. Ripple said the financing will support growing demand for its multi-asset prime brokerage platform, whose revenue has tripled year over year since it acquired and rebranded Hidden Road in 2025. The deal underscores rising institutional interest in crypto, as major firms such as State Street and Standard Chartered build digital-asset platforms and as Ripple continues its expansion following a $500 million fundraise at a $40 billion valuation.