TLDR
- Ripple Prime secured a $200M funding facility from Neuberger Berman.
- The facility will support margin financing across traditional and digital asset markets.
- Ripple said Ripple Prime revenue has tripled year over year since the Hidden Road deal.
- Neuberger Berman manages about $570B in assets under management.
- Ripple acquired Hidden Road for $1.25B and rebranded it as Ripple Prime.
Ripple Prime has secured a $200 million funding facility from Neuberger Berman to expand margin financing for institutional clients trading across traditional and digital asset markets.
Ripple said the agreement will support rising demand for its multi-asset prime brokerage platform. The company said Ripple Prime’s revenue has tripled year over year since Ripple acquired Hidden Road in 2025 and rebranded the business under the Ripple Prime name.
Dependable access to financing is critical to institutional participants in today’s dynamic markets, and Ripple Prime’s ability to meet this need just got that much stronger.
We're proud to partner with Neuberger on a $200M debt facility to meet rising client demand for our…
— Ripple (@Ripple) May 11, 2026
Neuberger Berman, a global investment firm with about $570 billion in assets under management, will provide the facility through its specialty finance unit. Ripple said the financing will increase margin capacity and strengthen capital efficiency for institutional clients.
Noel Kimmel, president of Ripple Prime, said dependable access to financing and balance sheet strength remain important for institutional market participants. He said the facility allows Ripple Prime to expand alongside clients by offering larger margin capacity and faster service.
Ripple Prime Expands After Hidden Road Deal
Ripple acquired Hidden Road for $1.25 billion in 2025, one of the largest acquisitions in the digital asset sector. The deal gave Ripple a prime brokerage platform serving institutions across foreign exchange, fixed income, derivatives, digital assets and other markets.
The company later bought treasury management software provider GTreasury for $1 billion. That acquisition added corporate treasury tools to Ripple’s wider push into institutional finance, custody, stablecoins and settlement infrastructure.
Ripple said the Neuberger Berman facility will help Ripple Prime meet client demand for financing products used by hedge funds, market makers, asset managers and trading firms. Prime brokers provide services such as margin financing, trade execution, custody, clearing and risk management.
Peter Sterling, head of Neuberger Specialty Finance, said Ripple Prime has built a brokerage platform that combines financial technology with compliance and operational controls. He said the financing relationship reflects Neuberger Berman’s view of Ripple Prime’s business model and asset-based finance needs.
Institutional Crypto Services Gain Momentum
The financing deal comes as more traditional financial firms expand services linked to digital assets. State Street announced a digital asset platform earlier this year, while Standard Chartered has been preparing a crypto prime brokerage business.
Ripple has also raised fresh capital to support expansion. The company recently completed a $500 million fundraise at a $40 billion valuation, with backing from Fortress Investment Group and Citadel Securities.
That funding followed Ripple’s legal reset after the full resolution of its U.S. Securities and Exchange Commission case in 2025. Since then, the company has placed more focus on banking partnerships, tokenized assets, stablecoin infrastructure and institutional trading services.
Ripple recently joined the DTCC’s tokenized asset working group, placing the company closer to discussions around settlement systems and digital financial infrastructure. It has also expanded in Asia through a partnership with South Korea’s Kbank for digital asset wallet infrastructure and a separate project with Kyobo Life Insurance for tokenized government bond settlement.
XRP and Tokenized Markets Remain in Focus
Ripple’s broader institutional strategy also includes tokenized asset settlement. Last week, Mastercard, Ondo Finance, Kinexys by JPMorgan, and Ripple completed a transaction connecting a public blockchain with interbank settlement rails.
The pilot used blockchain infrastructure and traditional banking systems to process a tokenized treasury-related transaction. The companies said the project was designed to support 24-hour financial markets and improve coordination between public blockchains and bank payment rails.
Market attention is also turning to the Digital Asset Market CLARITY Act. The Senate Banking Committee is expected to review the bill on May 14. The legislation could define federal rules for digital asset markets and clarify whether tokens fall under the SEC, CFTC or another framework.
XRP traded near $1.41 to $1.43 in May and has faced resistance around $1.45 to $1.50. U.S. spot XRP ETFs launched earlier this year and have recorded about $1.32 billion in cumulative net inflows, according to data
