Ripple Prime has closed a $200 million asset-backed debt facility with Neuberger Berman’s specialty finance division. The prime brokerage unit of Ripple will use this committed credit facility to expand margin capacity for institutional investors. The financing allows clients to borrow funds for trading across equities, fixed income, and cryptocurrencies.
Neuberger Berman structured the deal as a credit line that Ripple can draw down in tranches. The actual available amount adjusts dynamically based on institutional investor borrowing demand. This arrangement gives Ripple Prime flexibility to scale its lending operations according to client needs.
Noel Kimmel, President of Ripple Prime, stated the facility establishes a unified credit structure covering major asset classes. The financing combines blockchain technology with traditional prime brokerage services. This integration aims to enhance clients’ financing efficiency and flexibility for cross-asset trading.
Ripple Prime serves institutional clients as a multi-asset prime broker. The business was the first cryptocurrency corporation to operate a worldwide primary brokerage business when it paid $1.25 billion to purchase Hidden Road in 2025. Ripple Prime improved its standing in the US clearing system when it was officially listed in the NSCC MPID database in March 2026.
Institutional Finance Expansion
The Neuberger Berman facility represents Ripple’s latest move to strengthen institutional financial services. Ripple has actively pursued strategic investments and acquisitions to expand beyond its core cross-border payments business. The company completed a $200 million acquisition of Rail, a stablecoin payments platform, in December 2025.
Ripple also extended financing to other crypto firms during 2026. The company provided a $250 million credit line to Gemini through July 2026, with terms including elevated interest rates and collateral requirements. In January, Ripple invested $150 million in LMAX Group to support cross-asset growth and stablecoin adoption.
The debt facility supports Ripple Prime’s strategy to serve institutional investors across traditional and digital markets. Prime brokerage services typically include margin financing, securities lending, and trade execution for hedge funds and institutional clients. Ripple can tap the full $200 million based on how much institutional investors need to borrow for their trading positions.
Neuberger Berman’s specialty finance team focuses on providing structured financing solutions to financial services companies. The asset-backed nature of the facility means Ripple’s ability to draw funds links directly to underlying client borrowing activity. This structure aligns the credit line size with actual institutional demand for margin across multiple asset classes.
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