Ripple’s prime brokerage unit, Ripple Prime, has secured a $200 million credit facility from Neuberger Berman to expand margin trading services for institutional clients, marking a significant step in the firm’s push to bridge traditional and digital asset markets. The financing, arranged through Neuberger Berman’s specialty finance group, supports trading across equities, fixed income, foreign exchange, and crypto assets.
Facility Details and Strategic Use
According to Bloomberg, Ripple Prime can draw on the facility based on client borrowing demand across multiple asset classes. The funds will be used to increase the margin capacity offered to institutional investors trading across these markets. Prime brokers provide financing, custody, clearing, and trade execution for large clients, and this credit line enhances Ripple Prime’s ability to deliver these services at scale.
Noel Kimmel, President of Ripple Prime, stated, “The future of prime finance is supporting all major asset classes through a single structure and credit line.” Actual utilization will depend on client demand and market conditions, underscoring a flexible approach to capital deployment.
Building on the Hidden Road Acquisition
The credit facility follows Ripple’s $1.25 billion acquisition of Hidden Road, which closed in October 2025. Following the deal, Ripple rebranded the multi-asset prime brokerage business as Ripple Prime. Hidden Road had already served clients in digital assets, forex, derivatives, and fixed income, providing a robust foundation for Ripple’s institutional ambitions.
In November 2025, Ripple Prime launched digital asset spot prime brokerage for U.S. institutional clients, including OTC spot access for XRP and RLUSD. In April 2026, the firm connected clients to Bullish’s regulated Bitcoin options market, offering direct access to crypto-settled BTC options. Concurrently, Ripple partnered with OKX to expand RLUSD access in compliant markets.
Deepening the Wall Street Strategy
The Neuberger Berman facility provides Ripple Prime with additional firepower at a time when crypto firms are striving to serve institutional investors with products mirroring traditional finance. The structure links credit, margin, and multi-asset trading under one brokerage platform. Beyond trading, Ripple’s broader expansion includes custody, treasury, stablecoin, and wallet infrastructure. In November 2025, the company acquired Palisade, adding institutional custody and wallet capabilities.
As institutional appetite for crypto assets grows, Ripple Prime’s enhanced margin capacity and multi-asset support position it to capture a larger share of the prime brokerage market. The $200 million credit line not only provides immediate liquidity but also signals traditional finance confidence in Ripple’s institutional strategy.