Ripple Prime raised $200 million from Neuberger Berman, which manages $560 billion in AUM, to increase its margin lending capacity to institutional clients following the $1.25 billion Hidden Road deal.
Ripple announced on Monday that it has secured a $200 million credit line from funds managed by Neuberger Berman, a global investment management firm with over $560 billion in assets under management, to expand its margin lending and prime brokerage Capital services for institutional clients.
This Capital will enable Ripple Prime to serve hedge funds, trading firms, and institutional investors operating in both the cryptocurrency and traditional finance markets, a clear signal of the rapidly growing demand for institutional Capital in the digital asset sector.
The foundation for this move is the acquisition of Hidden Road, announced in April 2025 and completed approximately six months later for around $1.25 billion. This XEM the first time a purely cryptocurrency company has acquired a global prime broker, a structural step that brings Ripple directly into institutional market infrastructure instead of just providing services externally.
At the time of the acquisition, Hidden Road processed approximately $3 trillion in volume annually and served over 300 institutional clients. Since being renamed Ripple Prime, the unit's revenue has tripled, according to the company, although Ripple has not disclosed whether the business is profitable or how much of the total $200 million limit has been utilized.
Ripple Prime positions itself within integrated organizational infrastructure.
Ripple Prime's growth momentum is being bolstered by expanding integrations. Last month, exchange operator Bullish integrated with the platform, giving institutional clients direct access to Bullish's regulated Bitcoin options market, where stablecoins including Ripple USD (RLUSD) are accepted as collateral.
This signals that Ripple is building a self-contained ecosystem: from cross-border payments and stablecoins to brokerage infrastructure and institutional Capital .
More broadly, the deal with Neuberger Berman reflects a significant shift in how traditional financial institutions approach the digital asset market.
The fact that an asset management company with a scale of over half a trillion USD is willing to provide credit lines for cryptocurrency prime brokerage infrastructure shows that the lines between traditional finance and digital assets are narrowing towards institutionalization, no longer an experiment but an infrastructure being valued and financed according to mainstream Capital market standards.
