Sophia Bennett
Crypto Analyst
Ripple is not slowing down. The company's prime brokerage arm has secured a $200 million debt facility from one of the world's most respected asset managers, and it signals just how serious traditional finance is getting about crypto infrastructure.
Ripple Prime announced the successful closing of a $200 million debt facility from funds managed by Neuberger Specialty Finance, the dedicated asset‑based investment team within Neuberger, a global investment management firm with approximately $570 billion in total assets under management.
The deal was not a small vote of confidence. It was a major institutional endorsement.
What the Facility Is Actually For
This is not a fundraiser in the traditional sense. The structure is built specifically to give institutional clients more room to trade.
Neuberger Berman structured the deal as a credit line that Ripple can draw down in tranches, with the actual available amount adjusting dynamically based on institutional investor borrowing demand.
The Neuberger facility supports margin trading across crypto, equities, fixed income, and foreign exchange, linking credit, margin, and multi‑asset trading under one brokerage platform.
In plain terms: when institutional clients want to borrow to trade, whether in Bitcoin, bonds, or blue‑chip stocks, Ripple Prime now has far more firepower to meet that demand.
Ripple Prime's Revenue Has Already Tripled
The timing of this raise is not accidental. The platform backing it has been growing fast.
Since Ripple acquired prime brokerage Hidden Road and rebranded it as Ripple Prime in 2025, the platform's revenue has tripled year over year, one of the clearest signs that institutional demand for crypto‑native prime services is accelerating well beyond early projections.
Ripple Prime improved its standing in the US clearing system when it was officially listed in the NSCC MPID database in March 2026, a milestone that opened doors to institutional counterparties who require that level of regulatory recognition before engaging.
One Credit Line Across All Asset Classes
What sets this facility apart from standard financing arrangements is its unified structure.
Noel Kimmel, President of Ripple Prime, stated the facility establishes a unified credit structure covering major asset classes. "Dependable access to financing and balance sheet strength are critical to institutional participants in today's dynamic markets," he said. "This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency."
A single credit line spanning crypto, equities, fixed income, and FX is genuinely uncommon. Most prime brokers silo these categories. Ripple Prime is betting that institutional clients want everything in one place.
Part of a Much Bigger Expansion
This $200 million facility is the latest move in a year of significant dealmaking for Ripple.
Ripple raised $500 million in November 2025, achieving a $40 billion valuation with backing from Fortress Investment Group and Citadel Securities. That capital was allocated to expand Ripple's custody, stablecoin, and prime brokerage services.
Ripple completed a $200 million acquisition of Rail, a stablecoin payments platform, in December 2025, and also provided a $250 million credit line to Gemini. The company has also acquired treasury management software provider GTreasury for $1 billion.
Why This Deal Matters Beyond Ripple
The deal underscores rising institutional interest in crypto, as major firms such as State Street and Standard Chartered build digital asset platforms and as Ripple continues its expansion following its $500 million fundraise.
The message from Neuberger Berman committing $200 million is one the broader market will notice. When an asset manager with $570 billion under management backs a crypto prime broker with this kind of structured facility, it is not a speculative bet. It is a statement that institutional‑grade crypto infrastructure has arrived, and Ripple Prime is at the centre of it.
