The funding from Neuberger Berman aims to expand margin lending and financing services for institutional crypto and traditional market clients.
Ripple has obtained a $200 million credit facility from Neuberger Berman to enhance its institutional prime brokerage unit, Ripple Prime. The funding will increase capacity for margin lending and other financing products targeting hedge funds and trading firms active in both crypto and traditional markets.
Neuberger Berman, managing over $560 billion in assets, provided the debt facility. Ripple acquired prime brokerage platform Hidden Road in 2025, tripling the unit’s revenue since then, though profitability remains undisclosed. The company did not specify how much of the $200 million has been drawn.
The move underscores growing demand for crypto financing services among institutional players. Ripple Prime president Noel Kimmel noted the capital will help serve a broader client base as interest in digital asset brokerage expands.