Ripple Secures $200M Debt Facility for Ripple Prime

Ripple, a cryptocurrency payments company, announced on Monday that it has secured a $200 million debt facility from Neuberger Specialty Finance, the asset-based investment arm of global investment manager Neuberger Berman, to expand its institutional prime brokerage platform, Ripple Prime.

The financing will boost Ripple Prime's lending and margin capacity for clients trading across traditional and digital asset markets, including equities, fixed income, foreign exchange, derivatives, and cryptocurrencies. Ripple Prime President Noel Kimmel stated, "Dependable access to financing and balance sheet strength are critical to institutional participants in today's dynamic markets. This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency."

The platform originated from Ripple's $1.25 billion acquisition of Hidden Road in 2025, one of the largest deals in cryptocurrency industry history. Since the purchase and rebranding, Ripple Prime has tripled its revenue year over year, driven by rising demand from institutional investors such as hedge funds, market makers, and asset managers seeking...