Ripple's prime brokerage arm has secured a $200 million asset-backed debt facility from Neuberger Berman, one of the world's largest private asset managers with $567 billion in client assets. The deal is designed to supercharge Ripple Prime's margin trading and lending services across both crypto and traditional financial assets.
The facility operates as a phased credit line, allowing Ripple Prime to draw down capital in stages to match client demand. Institutional loans serve as collateral, creating a self-reinforcing cycle where client activity supports available capital. For institutional clients, the structure offers a unified financing framework, eliminating the need for separate margin accounts for equities, fixed income, forex, and digital assets like XRP. Ripple Prime now clears over $3 trillion annually.
Ripple Prime launched in November 2025 following Ripple's acquisition of Hidden Road, which provided the operational backbone for a full-service prime brokerage, including OTC spot trading across dozens of digital assets including XRP and Ripple's stablecoin RLUSD.
Ripple projects corporate digital asset allocations will exceed $1 trillion by end of 2026, as companies move from holding single assets to sophisticated multi-asset strategies. Ripple Prime competes with Coinbase Prime, Galaxy Digital, and FalconX, but none have a $200 million credit facility from a top-tier traditional asset manager backing their margin book.
The phased drawdown reduces leverage risks. Investors should monitor client acquisition rates and the facility's drawdown pace as indicators of institutional demand.