Ripple has secured a $200 million debt facility from funds managed by Neuberger Berman to expand its institutional prime brokerage platform. The capital will support margin financing solutions as client demand grows, with Ripple Prime’s revenue reportedly tripling in 2025.
Ripple has announced a substantial debt facility from funds managed by Neuberger Berman. The $200 million facility is intended to support the continued growth of its multi-asset prime brokerage platform, Ripple Prime.
The platform was renamed last year following the acquisition of Hidden Road. The company stated this move responds to increasing client demand for institutional-grade prime services.
Ripple Prime can draw up to the full $200 million to provide flexibility for evolving client needs. The platform’s revenue reportedly tripled in 2025.
“This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency,” commented Ripple Prime’s President, Noel Kimmel. Kimmel added that dependable financing access and balance sheet strength are “critical to institutional participants in today’s dynamic markets.”
Peter Sterling, Head of Neuberger Specialty Finance, noted Ripple Prime has become an innovative brokerage platform. He highlighted its combination of fintech-grade technology with bank-level compliance.
