Ripple has secured $200 million in funding from Neuberger Berman to expand Ripple Prime, its rebranded prime brokerage platform formerly known as Hidden Road. The capital will be deployed to increase margin capacity across traditional and digital asset markets, following the company's $1.25 billion acquisition of the platform in 2025.
Ripple's $200 million funding round represents a significant institutional vote of confidence in the company's expansion into prime brokerage services. By securing capital from Neuberger Berman, a major wealth management firm, Ripple signals growing mainstream acceptance of digital asset infrastructure and validates the commercial viability of bridging traditional finance with cryptocurrency markets. The rebranding of Hidden Road to Ripple Prime appears designed to strengthen brand cohesion while leveraging Ripple's established reputation in the crypto ecosystem.
This development follows a strategic pattern where major fintech and crypto companies are building comprehensive financial services offerings. Ripple's acquisition of Hidden Road for $1.25 billion demonstrated the company's commitment to prime brokerage capabilities, and this fresh funding accelerates that vision. The tripling of Ripple Prime's revenue indicates strong market demand for institutional-grade services that facilitate trading across both traditional and digital asset markets simultaneously.
The capital injection directly addresses a critical bottleneck in crypto adoption: margin capacity and institutional-grade prime brokerage services remain limited compared to traditional finance. By expanding these services, Ripple enables larger institutions and sophisticated traders to execute more complex strategies without fragmenting their operations across multiple platforms.
Looking ahead, this funding round positions Ripple Prime as a potential competitor to established prime brokers while maintaining the company's broader XRP and blockchain infrastructure initiatives. The success of margin expansion and institutional adoption will largely determine whether this investment generates sustainable returns, particularly as regulatory frameworks around digital asset lending continue evolving.
- →Ripple secured $200M from Neuberger Berman to expand Ripple Prime's margin capacity across traditional and digital markets
- →The Hidden Road acquisition and rebranding represents Ripple's strategic pivot toward institutional prime brokerage services
- →Ripple Prime's revenue has tripled, indicating strong institutional demand for integrated trading infrastructure
- →The funding validates growing mainstream institutional interest in cryptocurrency infrastructure and bridging traditional-digital finance
- →Expanded margin capacity removes a significant barrier to institutional crypto adoption and complex trading strategies