Funds managed by Neuberger Specialty Finance committed the facility to grow margin financing for the multi-asset prime broker.
Ripple Prime, the multi-asset prime brokerage platform owned by Ripple, has closed a $200 million debt facility from funds managed by Neuberger Specialty Finance, the company announced in a press release on Monday.
The facility allows Ripple Prime to draw up to $200 million to extend financing to clients active across traditional and digital markets, with proceeds earmarked for expanding lending capacity and margin financing capabilities for new and existing institutional clients.
“Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets,” said Noel Kimmel, President of Ripple Prime. “This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency.”
XRP, the native token of the Ripple-affiliated XRP Ledger, is trading at around $1.47, down 1.7% over the past 24 hours, according to CoinGecko. The token is up 9% over the past month, but remains down 37% over the past year. XRP has a market capitalization of roughly $90 billion, making it the fourth-largest digital asset.
Ripple agreed to acquire Hidden Road for $1.25 billion in April 2025, in one of the largest deals to date in the digital asset space. The transaction closed in October, and the prime broker was rebranded as Ripple Prime. The platform clears more than $3 trillion annually across foreign exchange, digital assets, derivatives, swaps, and fixed income for over 300 institutional clients.
“Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor,” said Peter Sterling, Head of Neuberger Specialty Finance.
In February, Ripple Prime added support for Hyperliquid, the largest decentralized perpetuals venue by open interest, allowing institutional clients to cross-margin DeFi exposures alongside FX, fixed income, OTC swaps, and cleared derivatives. The integration was subsequently expanded to include on-chain perpetuals for gold, silver, and oil.
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