Crypto payments company Ripple has secured a $200 million debt facility from Neuberger Specialty Finance to expand its institutional prime brokerage platform, the company announced Monday, as demand for professional-grade digital asset services continues to climb.

The financing, provided by funds managed by Neuberger Specialty Finance—the asset-based investment arm of global investment manager Neuberger—will be directed toward Ripple Prime, the company's multi-asset prime brokerage service that launched from the company’s acquisition of Hidden Road in 2025.

The platform has grown rapidly since the acquisition, tripling its revenue year over year, driven by increasing participation from institutional investors across both traditional and digital markets. Ripple Prime President Noel Kimmel said the arrangement would allow the platform to scale alongside client demand.

"Dependable access to financing and balance sheet strength are critical to institutional participants in today's dynamic markets," Kimmel said in a statement. "This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency."



The facility gives Ripple Prime the ability to draw up to the full $200 million as client needs evolve, with proceeds earmarked to extend financing for clients operating across both conventional and digital markets.

“Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor,” said Peter Sterling, head of Neuberger Specialty Finance, in a statement. “This facility reflects our focus on partnering with market leading platforms and is a testament to Ripple Prime’s unique position at the nexus of traditional and expanding markets.”

XRP, the crypto asset that Ripple’s services are built around, is currently up about 2% on the day at a recent price of $1.46. The asset has climbed by 8.5% in the last month amid a broader crypto market rebound.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。