The company behind XRP and RLUSD has announced a major step to expand its presence in institutional crypto finance, backed by a $200 million financing commitment.
Ripple confirmed it has secured a significant debt facility from funds managed by Neuberger Berman, a move that highlights growing confidence from established financial institutions in Ripple’s ecosystem.
Neuberger Private Markets, a division of Neuberger Berman, has nearly 40 years of experience investing across strategies, asset classes, and geographies on behalf of a wide range of institutional and individual clients.
The $200 million facility provided by funds managed by Neuberger Specialty Finance will support the ongoing growth of Ripple’s multi-asset prime brokerage platform, which was rebranded as Ripple Prime last year following the acquisition of Hidden Road.
Ripple said the financing responds to rising client demand for institutional-grade prime services and margin financing solutions.
Ripple Prime, which reportedly tripled its revenue in 2025, can access up to $200 million from the facility to enhance flexibility and capacity as client needs evolve.
“This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency. Neuberger Specialty Finance has deep expertise in asset-based finance and a strong understanding of our business model, and its support reflects the differentiated prime services platform we have built and the many growth opportunities available to us,” said Noel Kimmel, President of Ripple Prime.
Kimmel emphasized that reliable financing and balance sheet strength are essential for institutional participants operating in today’s dynamic markets.
Peter Sterling, Head of Neuberger Specialty Finance, commented that Ripple Prime has developed into an innovative brokerage platform that combines fintech-grade technology and agility with bank-level compliance and operational rigor.