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Ripple Prime gets $200M
Ripple Prime, Ripple’s prime-brokerage unit, secured a $200 million credit facility from Neuberger Berman’s specialty-finance group to expand margin lending capacity for institutional clients.
“Ripple secured a $200M facility from Neuberger Specialty Finance to expand margin lending through Ripple Prime.”
Ripple Prime president Noel Kimmel said the arrangement is "one structure, one credit line, across the major asset classes," framing it as a way to support clients that do not operate with "siloed risks or portfolios."
The facility is described as asset-based and can be drawn down in full or in part depending on client borrowing demand, with Ripple Prime using margin loans within its lending framework.
The financing follows Ripple’s 2025 acquisition of Hidden Road for $1.25 billion, which enabled Ripple to launch its institutional prime brokerage business that was later rebranded as Ripple Prime.
How it works in practice
Neuberger Berman structured the deal as a credit line that Ripple Prime can draw down in tranches, with the available amount adjusting dynamically based on institutional investor borrowing demand.
Ripple Prime’s margin loans are described as collateral within its lending framework, allowing clients to borrow funds for trading across equities, fixed income, and cryptocurrencies.
CoinMarketCap says Ripple Prime launched formally for the US market in November 2025 and has tripled its revenue year-over-year since then, while The Block links the timing to Ripple’s U.S. rollout days before a $500 million funding round at a $40 billion valuation.
Ripple Prime also expanded its platform through a February integration with Hyperliquid, described as its first direct integration with a decentralized finance (DeFi) venue under a single margin framework.
Institutional push and context
The credit facility arrives as Ripple positions Ripple Prime to serve institutional investors trading across traditional and digital markets, with Ripple saying the proceeds will be used to extend lending services to clients engaging in both conventional and crypto markets.
“"Dependable access to financing and balance sheet strength are critical to institutional participants in today's dynamic markets,"”
Neuberger Specialty Finance head Peter Sterling said the firm chose Ripple Prime because it has "built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor."
CoinMarketCap adds that Ripple Prime’s platform covers equities, fixed income, foreign exchange, derivatives, and digital assets under a single clearing and financing structure, and it quotes Kimmel describing the facility as enabling "increased margin capacity, greater responsiveness, and improved capital efficiency."
In parallel, The Block says the financing is part of a broader push that included Ripple’s $1.25 billion Hidden Road acquisition and a U.S. prime brokerage rollout in November, with Ripple Prime later integrating Hyperliquid in February.
