Ripple Secures $200M Credit Line from Neuberger Berman

Ripple announced on Monday that it has secured a $200 million credit facility from funds managed by Neuberger Berman to expand lending by its institutional prime brokerage unit, Ripple Prime. The company said the line will enable more margin loans and other financing products for hedge funds, trading firms and institutional clients active in both digital assets and traditional markets.

Funds for the facility are managed by Neuberger Berman, an investment manager with more than $560 billion in assets under management. Ripple did not disclose how much of the $200 million has been drawn or whether Ripple Prime is currently profitable. The company did not release other terms of the facility or say whether additional credit lines are planned.

Ripple created its institutional prime brokerage business after acquiring Hidden Road in 2025 in a transaction valued at about $1.25 billion, completed roughly six months after the initial announcement. At the time of the acquisition, Hidden Road reported clearing about $3 trillion in annual trading volume and serving more than 300 institutional clients. Ripple reported that it has tripled the unit’s revenue since the acquisition.

In recent weeks Ripple Prime expanded its integrations with market platforms. One integration provides institutional clients access to a regulated Bitcoin options market that accepts stablecoins, including Ripple USD (RLUSD), as collateral. RLUSD has a market value above $1.5 billion.

Ripple said the capital will support a broader range of margin financing and clearing services across spot, derivatives and options markets. The company framed the facility as a way to increase available lending capacity for institutional trading strategies.

Noel Kimmel, president of Ripple Prime, said the additional capital will help the unit serve a broader range of institutional clients as demand for crypto financing and brokerage services grows.