Ripple secured a $200M facility from Neuberger Specialty Finance to expand margin lending through Ripple Prime.
Crypto News
Ripple has secured a $200 million debt facility from Neuberger Specialty Finance, the asset-based lending arm of global investment manager Neuberger Berman, to expand its institutional prime brokerage platform. The company announced the arrangement on May 11, describing it as a direct response to growing demand from clients operating across both traditional and digital markets. The facility can be drawn down in full or in part, depending on clients’ borrowing needs. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
Ripple Prime was built from Ripple's $1.25 billion acquisition of Hidden Road in 2025. The platform covers equities, fixed income, foreign exchange, derivatives, and digital assets under a single clearing and financing structure. It launched formally for the US market in November 2025 and has tripled its revenue year-over-year since then.
Unified Credit Across Asset Classes
Ripple Prime President Noel Kimmel said the facility addresses a structural gap for institutional clients. "Dependable access to financing and balance sheet strength are critical to institutional participants in today's dynamic markets," Kimmel said. "This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency." He described the platform's core offering as "one structure, one credit line, across the major asset classes."
Kimmel added that institutional clients do not operate with siloed risks or portfolios, and that Ripple Prime's infrastructure must reflect that. The new credit line allows clients to hold margin loans across multiple asset classes without switching between separate credit arrangements.
Peter Sterling, head of Neuberger Specialty Finance, said the firm chose Ripple Prime for its position at the intersection of traditional and digital markets. "Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor," Sterling said. He described the facility as a reflection of Neuberger's focus on partnering with platforms at the convergence of those two markets.
Ripple's Broader Institutional Push
The financing arrived months after Ripple disclosed a $500 million funding round at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities, with Galaxy Digital, Pantera Capital, Brevan Howard, and Marshall Wace also participating. In February 2026, Ripple added Hyperliquid to Ripple Prime as the platform's first direct integration with a decentralized finance (DeFi) venue. That integration allows clients to access Hyperliquid's on-chain derivatives markets while managing those positions alongside centralized crypto and traditional market exposures under one margin framework.
XRP (XRP) was trading up approximately 2% on May 11 at around $1.46. The asset has gained roughly 8.5% over the prior month amid a broader crypto market recovery.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
