Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
CoinDesk1h agoUpdated 1h ago
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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....
Key takeaways
- 1Ripple secured $200 million funding from Neuberger Berman to expand margin financing for traditional and digital asset trading.
- 2Ripple Prime's revenue tripled year-over-year since acquiring Hidden Road for $1.25 billion in 2025.
- 3Ripple raised $500 million at $40 billion valuation from Fortress Investment Group and Citadel Securities for expansion.
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Why it matters
Institutional adoption of crypto platforms is accelerating globally with major firms like State Street and Standard Chartered entering the space, signaling mainstream acceptance. This institutional infrastructure development could boost India's crypto market maturity and attract regulated institutional investments, though local regulatory frameworks remain critical.
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