Ripple has secured a $200 million credit facility from funds managed by Neuberger Berman to significantly expand the lending and margin capabilities of its institutional prime brokerage platform, Ripple Prime.

The asset-backed debt facility, provided through Neuberger Specialty Finance, will enable Ripple Prime to offer enhanced financing solutions to hedge funds, market makers, and other institutional clients operating across both traditional and digital asset markets.

Strategic Growth Following Hidden Road Acquisition

Ripple Prime originated from the company's approximately $1.25 billion acquisition of global prime broker Hidden Road in 2025. Since rebranding and integrating the platform, Ripple Prime has tripled its revenue and now clears over $3 trillion in annual trading volume.

The new credit line arrives amid surging institutional interest in sophisticated crypto financing solutions. Clients increasingly seek unified margin accounts that span equities, fixed income, foreign exchange, derivatives, and digital assets including XRP and Ripple's RLUSD stablecoin.

Unified Credit Across Asset Classes

The facility allows phased drawdowns based on client demand, with existing institutional loans serving as collateral. This structure creates a scalable, self-reinforcing lending model while minimizing balance sheet risk.

Peter Sterling, Head of Neuberger Specialty Finance, highlighted Ripple Prime’s unique position at the intersection of traditional finance and fintech innovation: “Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor.”

Broader Market Implications

This development underscores the deepening integration between traditional asset managers and crypto-native infrastructure providers. As corporations and institutions project digital asset allocations exceeding $1 trillion by the end of 2026, platforms offering seamless cross-asset margining are positioned for significant growth.

Ripple Prime competes with players like Coinbase Prime, Galaxy Digital, and FalconX but stands out with backing from a major traditional asset manager and its multi-asset clearing capabilities. Recent integrations, including with Bullish for Bitcoin options and Hyperliquid for DeFi derivatives, further strengthen its institutional appeal.

The $200 million facility represents a strong vote of confidence in the maturation of institutional crypto markets and Ripple’s strategic pivot toward comprehensive financial infrastructure.