Ripple Secures $200M Debt Facility from Neuberger for Prime Brokerage Growth
Ripple has secured a $200 million debt facility from Neuberger Specialty Finance, the asset-based investment arm of global investment manager Neuberger, to expand Ripple Prime, its institutional prime brokerage platform. The facility, announced Monday, will be used to increase lending capacity for clients operating across traditional and digital markets. Ripple Prime, launched from the acquisition of Hidden Road in 2025, has tripled revenue year over year driven by growing institutional demand for digital asset services. Ripple Prime President Noel Kimmel emphasized that dependable access to financing is critical for institutional participants, and this facility enables the platform to deliver increased margin capacity and improved capital efficiency. Peter Sterling, head of Neuberger Specialty Finance, highlighted Ripple Prime's innovative combination of fintech technology and bank-level compliance. XRP, the native crypto asset of Ripple's services, rose approximately 2% on the day to $1.46, reflecting a broader crypto market rebound.
Key facts
- Ripple secured $200M debt facility from Neuberger Specialty Finance.
- Funds will expand Ripple Prime's lending capacity for institutional clients.
- Ripple Prime revenue tripled year over year since Hidden Road acquisition in 2025.
- XRP rose about 2% to $1.46 on the announcement.