Overview
- Ripple said Monday it closed a $200 million asset‑backed debt facility with Neuberger Specialty Finance to support its institutional prime brokerage, Ripple Prime.
- The facility allows staged drawdowns rather than a single lump sum, with Ripple Prime borrowing against its institutional loan book to fund margin lending.
- Ripple plans to use the financing to expand client borrowing across equities, fixed income, foreign exchange, and digital assets on a single credit line.
- Executives said the structure boosts margin capacity, speeds response times for clients, and improves capital efficiency as demand for prime services grows.
- The move follows Ripple’s 2025 purchase of Hidden Road for about $1.25 billion and rebrand to Ripple Prime, which the company says has tripled revenue, and it adds traditional asset‑manager capital from Neuberger Berman, which oversees roughly $570 billion.