Ripple has secured a $200 million debt facility from Neuberger Specialty Finance to expand Ripple Prime, its multi-asset prime brokerage platform serving institutional clients across traditional and digital markets.
Ripple Prime was launched following Ripple's acquisition of Hidden Road in 2025. Since then, the platform has tripled its revenue year-over-year. The new facility allows Ripple Prime to draw up to $200 million as client demand increases.
“This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency,” said Noel Kimmel, President of Ripple Prime.
By summer 2026, Ripple has built a comprehensive institutional toolkit: payments, custody, liquidity management, treasury solutions, a regulated stablecoin, and now a prime brokerage with fresh lending capacity.
Ripple closed a $500 million funding round in November 2025, valuing the company at $40 billion. Its stablecoin, RLUSD, reached a market capitalization of $1.5 billion by April 2026. XRP was trading at $1.40 at press time, with a market cap above $90 billion.
Neuberger Specialty Finance, a division with roots in asset-based finance since 1987, is backing Ripple's brokerage model. Peter Sterling, head of Neuberger Specialty Finance, described Ripple Prime as combining “fintech-grade technology and agility with bank-level compliance and operational rigor.”