Why did Ripple secure a $200 million credit facility?

Ripple secured the $200 million facility to expand the lending capacity of its institutional prime brokerage platform, Ripple Prime. The funding will support margin lending and financing services for hedge funds, trading firms and institutional crypto investors.

Who provided Ripple’s $200 million financing deal?

The credit facility was provided by funds managed by Neuberger Berman, a global asset manager overseeing more than $560 billion in assets. The deal highlights growing traditional finance participation in crypto infrastructure and institutional trading services.

What is Ripple Prime?

Ripple Prime is Ripple’s institutional prime brokerage business offering financing, clearing and trading-related services across crypto and traditional markets. The platform was built after Ripple acquired prime broker Hidden Road in 2025.

How will Ripple use the new funding?

Ripple said the capital will mainly increase Ripple Prime’s ability to offer margin loans and brokerage financing products. This could help the company attract larger hedge funds and institutional trading clients seeking leverage and liquidity solutions.

Why is Ripple expanding into prime brokerage?

Prime brokerage gives Ripple exposure to institutional trading infrastructure beyond payments and blockchain services. The business can generate recurring revenue from financing, execution and clearing services tied to growing institutional crypto adoption.

What was the Hidden Road acquisition and why was it important?

Ripple acquired Hidden Road in a roughly $1.25 billion deal completed in 2025. The transaction was significant because it marked the first known acquisition of a global prime broker by a crypto-native company, giving Ripple direct access to institutional market infrastructure.

How large was Hidden Road before Ripple acquired it?

Before the acquisition, Hidden Road processed around $3 trillion in annual trading volume and served more than 300 institutional clients. That scale gave Ripple an established foothold in institutional brokerage and financing markets.

Is Ripple Prime growing quickly?

Yes, Ripple said revenue at Ripple Prime has tripled since the Hidden Road acquisition. However, the company did not disclose whether the brokerage business is currently profitable.

Ripple lands $200M prime brokerage credit line

Written by Liezl GambePublished May. 12 2026

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.