Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
Summary
Ripple announced a $200 million funding facility from Neuberger Berman to expand margin financing on its multi-asset prime brokerage platform, Ripple Prime. The company says Ripple Prime’s revenue has tripled year-over-year since it acquired and rebranded Hidden Road in 2025. Ripple and Neuberger framed the deal as a way to increase margin capacity, responsiveness, and capital efficiency for institutional clients, with Neuberger bringing asset-based finance expertise. The funding follows Ripple’s earlier $500 million raise that valued the company at $40 billion and supports Ripple’s continued push into custody, stablecoins, and prime-brokerage services.
Funding
Amount
$200.0M
Total raised
Date
May 11, 2026
Announcement date
Investors
Fortress Investment Group, Standard Chartered Private Equity, State Street, GTreasury
Lead investors
Company
ripple.com
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
SaaS
FinTech Software
Blockchain Infrastructure
Linked Companies
Ripple
$50M to $100M