Ripple lands $200M prime brokerage credit line

Ripple has secured a $200 million credit facility from funds managed by Neuberger Berman to expand the lending capacity of its institutional prime brokerage platform, Ripple Prime.

The financing will allow Ripple Prime to increase margin lending and other brokerage services for hedge funds, trading firms and institutional investors active across both crypto and traditional financial markets.

Ripple Prime president Noel Kimmel said the additional capital would help the company serve a wider range of institutional clients as demand for crypto financing products continued growing.

Neuberger Berman manages more than $560 billion in assets, highlighting growing involvement from traditional financial institutions in crypto-related infrastructure and lending markets.

Ripple launched its prime brokerage business after acquiring Hidden Road in a roughly $1.25 billion transaction completed in 2025, marking the first known acquisition of a global prime broker by a crypto-native company.

At the time of the acquisition, Hidden Road processed approximately $3 trillion in annual trading volume and served more than 300 institutional clients across digital asset and traditional markets.

Ripple Prime has also expanded its institutional trading offerings through a deeper integration with Bullish, allowing clients to access regulated bitcoin options markets using Ripple USD as collateral.