Ripple Prime lands $200M Neuberger facility to boost margin trading
Ripple’s prime-brokerage unit has secured up to $200 million in financing from Neuberger Berman to expand margin services for institutional investors.
- Ripple Prime can draw up to $200 million based on institutional client borrowing demand across markets.
- The Neuberger facility supports margin trading across crypto, equities, fixed income, and foreign exchange.
- The deal follows Ripple’s Hidden Road acquisition and wider push into institutional brokerage services.
The facility was arranged through Neuberger Berman’s specialty finance group, according to Bloomberg.
The funding is designed to support trading across traditional and digital markets. Ripple Prime can draw on the facility based on client borrowing demand across equities, fixed income, foreign exchange, and crypto assets.
Meanwhile, Prime brokers provide financing, custody, clearing, and trading support to large clients. In this case, Ripple Prime plans to use the debt facility to increase the margin it can offer investors trading across multiple asset classes.
Ripple Prime President Noel Kimmel said, “The future of prime finance is supporting all major asset classes through a single structure and credit line.” That remains Ripple Prime’s position, while the actual use of the facility will depend on client demand and market conditions.
Hidden Road deal set up Ripple Prime
The move follows Ripple’s $1.25 billion acquisition of Hidden Road, which closed in October 2025. After the deal closed, Ripple renamed the multi-asset prime brokerage business Ripple Prime.
That transaction gave Ripple a larger role in institutional trading. Hidden Road already served clients across digital assets, foreign exchange, derivatives, and fixed income before becoming part of Ripple’s wider finance stack.
Moreover, Ripple has also moved Ripple Prime deeper into U.S. digital asset trading. In November 2025, the company launched digital asset spot prime brokerage for U.S. institutional clients, including over-the-counter spot access for XRP and RLUSD.
The institutional push continued in April, when Ripple Prime connected clients to Bullish’s regulated Bitcoin options market. That deal gave clients direct access to a crypto-settled BTC options venue while Ripple and OKX also worked to expand RLUSD access in compliant markets.
Credit line adds to Wall Street strategy
The Neuberger Berman facility gives Ripple Prime more capacity at a time when crypto firms are trying to serve institutional investors with products that resemble traditional finance. The structure also links credit, margin, and multi-asset trading under one brokerage platform.
Ripple’s wider expansion has included custody, treasury, stablecoin, and wallet infrastructure. In November 2025, the company acquired Palisade, adding another institutional custody and wallet business to a year of dealmaking.
