Ripple has secured a new $200 million credit facility through Ripple Prime as the company expands its institutional trading and margin lending business across traditional and digital asset markets.
Key Takeaways
- Ripple Prime secured access to up to $200 million from global asset manager Neuberger Berman.
- The funding will help expand margin lending and prime brokerage services for institutional investors.
- Ripple plans to support trading across crypto, equities, bonds, and foreign exchange markets through a single credit structure.
- The move follows Ripple’s recent acquisitions of Hidden Road and GTreasury as the company deepens its Wall Street expansion strategy.
What Happened?
Ripple announced that its prime brokerage division, Ripple Prime, has secured a credit facility worth up to $200 million from Neuberger Berman. The funding agreement was arranged through Neuberger Berman’s specialty finance group and is designed to increase Ripple Prime’s margin lending capacity for institutional clients.
The facility will allow Ripple Prime to provide financing for investors trading across multiple asset classes, including digital assets, equities, fixed income products, and foreign exchange markets.
Dependable access to financing is critical to institutional participants in today’s dynamic markets, and Ripple Prime’s ability to meet this need just got that much stronger.
— Ripple (@Ripple) May 11, 2026
We’re proud to partner with Neuberger on a $200M debt facility to meet rising client demand for our…
Ripple Expands Institutional Finance Business
The latest funding deal marks another major step in Ripple’s push into institutional financial services. Ripple Prime operates as the company’s prime brokerage arm, offering services such as financing, custody, securities lending, clearing, and trade execution for large investors.
Prime brokerages play a critical role in financial markets by helping institutions manage risk while gaining access to liquidity and leverage. Ripple is positioning itself as a nonbank alternative that combines traditional finance infrastructure with blockchain based technology.
According to the company, the new facility can be drawn based on institutional client borrowing demand. This means Ripple Prime will scale its lending activity depending on trading activity and market conditions.
Ripple Prime President Noel Kimmel said:
The statement highlights Ripple’s broader strategy of bringing traditional financial products and digital assets under one integrated platform.
Hidden Road Acquisition Accelerated Ripple’s Growth
Ripple’s institutional expansion gained momentum after its $1.25 billion acquisition of Hidden Road last year. The deal was considered one of the largest acquisitions in the history of the crypto industry.
Following the acquisition, Hidden Road was rebranded as Ripple Prime. The business already had experience serving institutional clients across foreign exchange, derivatives, fixed income, and digital asset markets before joining Ripple.
The acquisition significantly expanded Ripple’s reach into institutional trading infrastructure and prime brokerage services.
In recent months, Ripple Prime has also launched new services aimed at U.S. institutional investors. These offerings include digital asset spot prime brokerage and over the counter spot access for XRP and Ripple’s stablecoin RLUSD.
Ripple additionally expanded access to regulated Bitcoin options trading through a partnership with Bullish, giving institutional clients direct access to crypto settled BTC options markets.
Ripple Continues Aggressive Expansion Strategy
The company’s growth strategy has extended beyond brokerage services. Ripple has also focused heavily on custody, treasury management, and stablecoin infrastructure.
Last year, Ripple agreed to acquire treasury management software company GTreasury in a deal reportedly valued at $1 billion. The company also acquired institutional custody and wallet infrastructure provider Palisade as part of its broader expansion efforts.
Separately, Ripple raised $500 million in funding with support from major financial firms including Fortress Investment Group and Citadel Securities. The fundraising reportedly valued the company at around $40 billion.
The latest credit facility from Neuberger Berman further strengthens Ripple’s ability to compete with traditional financial institutions as institutional interest in digital assets continues to grow under a more favorable regulatory environment.
CoinLaw’s Takeaway
In my experience, this move shows Ripple is no longer focused only on payments and blockchain settlements. The company is clearly building a full scale institutional finance ecosystem that blends crypto markets with traditional Wall Street services. I found the timing important because institutional investors are increasingly demanding unified access to multiple asset classes without relying entirely on traditional banks.
Ripple’s aggressive acquisitions, fundraising activity, and prime brokerage expansion suggest the company wants to become one of the largest infrastructure providers for institutional digital asset trading in the coming years.
