Neuberger Berman Extends $200M Credit to Ripple Prime

Neuberger Berman provided Ripple Prime with up to $200 million in a credit facility announced Monday to expand margin capacity for institutional clients across crypto, equities and other products. The line is structured so the brokerage can support larger trading positions and offer a single credit line usable across multiple markets.

Margin is the collateral counterparties require to cover credit risk on trades. Ripple Prime said the new capacity will let institutional counterparties access deeper liquidity and hold larger, cross-asset positions when needed.

Ripple Prime is the brokerage arm of Ripple. The firm launched U.S. trading in November 2025 after combining its licenses with technology and services from Hidden Road, which Ripple acquired in 2025 for $1.25 billion. The additional credit is intended to scale operations as institutional demand and market activity increase.

Neuberger Berman confirmed the credit facility and declined further comment beyond that confirmation.

Noel Kimmel, president of Ripple Prime, described the financing as a consolidation of prime financing and added: “One structure, one credit line, across the major asset classes. Our clients don’t operate with siloed risks or portfolios. It’s time their financing infrastructure reflects that.”

Ripple Prime faces competition from established financial firms preparing crypto brokerage services, and lawmakers have advanced proposals such as the Genius Act and the Clarity Act to clarify U.S. digital asset rules. The $200 million arrangement can be drawn down as clients require margin for trading and settlements.