Ripple Secures $200 Million Credit Facility to Expand Institutional Crypto Brokerage

Ripple has secured a $200 million credit facility from investment funds managed by Neuberger Berman to strengthen its institutional brokerage business, Ripple Prime. The funding is expected to increase the company’s ability to provide margin lending and financing services to hedge funds, trading firms and large institutional investors active in both crypto and traditional financial markets.

Ripple Prime President Noel Kimmel said the new capital will help the platform meet rising institutional demand for digital asset financing solutions. The company plans to expand services such as margin loans and other brokerage-related products as more professional investors enter the crypto market.

Neuberger Berman currently manages more than $560 billion in assets, highlighting growing interest from traditional finance firms in digital asset infrastructure.

Hidden Road Acquisition Strengthens Ripple Prime

Ripple’s brokerage expansion follows its acquisition of prime brokerage platform Hidden Road in 2025. The deal, valued at roughly $1.25 billion, helped Ripple establish a stronger position in institutional trading services.

Ripple Prime Gains Institutional Momentum

Since the acquisition, Ripple said the platform’s revenue has tripled. Ripple Prime also recently expanded access to Bitcoin options trading through an integration with Bullish, allowing institutional users to use stablecoins such as RLUSD as collateral.