Ripple Secures $200M Facility for Ripple Prime
Ripple secured a $200 million debt facility from Neuberger Specialty Finance to expand Ripple Prime’s lending capacity after revenue tripled since the 2025 Hidden Road acquisition.
Ripple on Monday secured a $200 million debt facility from funds managed by Neuberger Specialty Finance to expand Ripple Prime, the company’s institutional prime brokerage that launched after Ripple acquired Hidden Road in 2025. Ripple Prime’s revenue tripled year over year following the acquisition.
The asset-based facility allows Ripple Prime to draw up to $200 million as client demand requires. Ripple said the proceeds are earmarked to extend financing lines and margin capacity for clients active in both traditional and digital markets.
Noel Kimmel, president of Ripple Prime, noted in a company statement that dependable access to financing and balance sheet strength matter to institutional participants in today’s markets. He added the facility will let the platform increase margin capacity, improve responsiveness to client needs and enhance capital efficiency.
Peter Sterling, head of Neuberger Specialty Finance, described Ripple Prime as a brokerage platform that combines fintech-grade technology with bank-level compliance and operational rigor. Sterling added the financing reflects Neuberger’s focus on partnering with market-leading platforms.
Launched after Ripple’s 2025 acquisition of Hidden Road, Ripple Prime provides custody, financing and execution services to asset managers, hedge funds and professional traders across crypto and traditional securities. The platform’s growth has been driven by rising institutional participation in digital asset services.
XRP traded near $1.46, up about 2% on the day and roughly 8.5% over the past month. Institutional demand for regulated, professional-grade crypto services has increased, prompting firms to expand lending and brokerage infrastructure to support larger, more sophisticated clients.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
