Ripple Secures $200 Million Credit Facility for Prime Brokerage Unit

Ripple has secured a $200 million debt facility to expand its prime brokerage unit, Ripple Prime, as demand for institutional financing grows across digital and traditional markets. The facility was provided by funds managed by Neuberger Specialty Finance, with the capital aimed at increasing lending capacity and supporting margin financing for institutional clients.

Ripple Prime has seen strong growth since Ripple acquired the platform in 2025, with the firm reporting that revenue has tripled year-over-year. The agreement allows Ripple Prime to draw up to $200 million over time based on client demand, deploying funds to extend credit to new and existing institutional clients.

Neuberger Specialty Finance stated the deal aligns with its strategy of supporting asset-based financing platforms, highlighting Ripple Prime's position across traditional finance and digital assets. Peter Sterling, Head of Neuberger Specialty Finance, noted the platform combines technology with operational discipline.

Ripple continues to expand its institutional offerings, which include payments, custody, liquidity, and treasury management. The new facility strengthens its ability to provide financing solutions as institutional participation in digital assets increases. Ripple acquired prime broker Hidden Road for approximately $1.25 billion in 2025, rebranding it as Ripple Prime.

Ripple Prime is entering a competitive field where institutional investors rely on large crypto prime brokers and exchange-linked platforms. The $200 million facility signals Ripple's intent to match rivals' balance-sheet strength and deepen services like margin financing, competing directly for hedge funds and trading firms that use established institutional platforms.