Ripple Prime Secures $200M Debt Facility to Expand Institutional Lending

TLDR

Table of Contents

Ripple Prime gains fresh borrowing capacity as client demand rises across traditional and digital markets.
The Neuberger facility lets Ripple Prime draw up to $200 million as client needs change.
Ripple says proceeds will support client financing, margin capacity, and new institutional relationship growth plans.
Revenue at Ripple Prime has tripled year over year after Ripple acquired the brokerage platform.
Neuberger Specialty Finance backed the deal through funds run by its dedicated asset-based investment team.

Ripple Prime has secured a $200 million debt facility from funds managed by Neuberger Specialty Finance. The San Francisco company said the facility will expand lending capacity for institutional clients across traditional and digital markets. The announcement places the deal around Ripple Prime’s push to expand capacity.

Ripple Prime Gains New Lending Capacity

Ripple announced the debt facility on May 11, 2026, after rising client demand. Funds managed by Neuberger Specialty Finance provide the new borrowing support. The money backs Ripple Prime, its prime brokerage platform for multiple asset types. The deal gives the unit new funding for planned expansion.

The facility lets Ripple Prime draw up to $200 million. The structure gives the business room as client needs change. It also adds more balance sheet support for margin services. This approach lets Ripple Prime borrow as demand develops.

Dependable access to financing is critical to institutional participants in today’s dynamic markets, and Ripple Prime’s ability to meet this need just got that much stronger.

We're proud to partner with Neuberger on a $200M debt facility to meet rising client demand for our…

— Ripple (@Ripple) May 11, 2026

Proceeds will help Ripple Prime extend financing to clients. Those clients trade in traditional markets, digital markets, or both. Ripple said the added capacity should support larger client demand. The company expects the money to increase lending capacity.

Ripple Prime works with institutions that need financing and brokerage support. The business also provides access to liquidity across asset classes. The facility expands its ability to serve new and current relationships. That role matters as more institutions seek steady service providers.

Growth Follows Ripple’s 2025 Acquisition

Ripple acquired the platform in 2025 and later brought it under the Ripple Prime name. Since the acquisition, Ripple said revenue has tripled year over year. The growth came as more clients used prime services and financing products. The company linked that growth to rising client activity.

The platform operates across traditional and digital markets. That reach helps institutions seek both market types through one provider. Ripple said clients want firms that can provide capital at scale. This demand covers both trading access and financing needs.

Noel Kimmel, president of Ripple Prime, said “dependable access to financing” remains critical for institutions. He said the facility should help Ripple Prime grow with clients. Kimmel also said it would support increased margin capacity and better capital use. His remarks focused on lending capacity and client service.

The demand reflects wider activity across financial markets. Institutions are using more services that join digital assets with standard market tools. Ripple Prime aims to meet those needs while keeping service access stable. The company did not offer a client count.

Neuberger Specialty Finance Backs Platform Growth

Neuberger Specialty Finance provided the facility through funds managed by its team. The group focuses on asset-based finance for companies with usable assets and cash flows. Ripple said Neuberger understood its model and client base. The facility fits that type of lending approach.

Peter Sterling, head of Neuberger Specialty Finance, described Ripple Prime as an “innovative brokerage platform.” He said the platform combines fintech technology with strong compliance and operations. Sterling said the team was pleased to support Ripple Prime through the facility. His comments pointed to technology, controls, and daily execution.

Neuberger Private Markets has invested in private markets since 1987. It managed over $155 billion in investor commitments by December 31, 2025. The division has more than 500 professionals across 17 global offices. Its teams invest across credit, co-investments, secondaries, and other private strategies.

Ripple also offers payments, custody, liquidity, and treasury tools for enterprise clients. Its RLUSD stablecoin and XRP support parts of its financial product suite. Ripple said these products support moving, storing, and managing value. With this facility, Ripple Prime gains more room to serve institutional demand.

✨ Limited Time Offer