Ripple Prime, the multi-asset prime brokerage platform operated by blockchain solutions provider Ripple, has closed a $200 million debt facility arranged with funds managed by Neuberger Specialty Finance. The financing, announced on May 11, 2026, is designed to fuel further expansion of the platform and meet surging demand from institutional clients seeking advanced prime brokerage and margin financing options across both conventional and digital asset markets.
The deal comes at a pivotal moment for Ripple Prime. Following its acquisition by Ripple in 2025, the platform has experienced explosive growth, with revenue tripling on an annual basis.
This surge reflects broader market trends, including heightened activity from traditional finance participants entering digital assets and the increasing need for dependable partners that can supply scalable capital access.
Institutional players in these evolving markets require robust balance sheet support and reliable funding lines to navigate volatility and seize opportunities efficiently.
Noel Kimmel, President of Ripple Prime, emphasized the strategic importance of the arrangement.
He noted that stable financing and strong capital resources have become essential for institutions operating in fast-changing environments.
The new facility will allow Ripple Prime to scale in tandem with its client base, offering higher margin availability, faster response times, and better overall capital efficiency.
Kimmel highlighted Neuberger Specialty Finance’s specialized knowledge in asset-backed lending and its alignment with Ripple Prime’s distinctive business approach, underscoring the platform’s proven strengths and the significant expansion prospects ahead.
Under the terms of the facility, Ripple Prime gains flexible access to draw funds up to the full $200 million commitment.
Management intends to deploy the capital primarily to extend financing solutions to clients active in both traditional securities and digital asset trading.
This increased lending power will strengthen the company’s capacity to onboard additional institutional partners while deepening relationships with existing ones, ensuring seamless support as their trading volumes and financing requirements continue to rise.
Peter Sterling, who leads Neuberger Specialty Finance, described the transaction as a natural fit for his firm’s strategy of backing innovative market leaders.
He praised Ripple Prime for merging cutting-edge fintech capabilities with institutional-grade compliance and operational standards.
The partnership, he added, demonstrates confidence in the platform’s position at the intersection of legacy finance and growing digital ecosystems.
Sterling credited the deal team, led by Jay Berger, for structuring a tailored solution that positions both organizations for sustained success.
Ripple, established in 2012, provides enterprise-grade blockchain technology that powers global payments, custody services, liquidity management, and treasury operations.
Its offerings integrate the stablecoin RLUSD and the native cryptocurrency XRP to facilitate efficient value transfer and storage. Neuberger Private Markets, the parent division overseeing the Specialty Finance team, has managed private market investments since 1987.
As of December 31, 2025, it oversees more than $155 billion in commitments on behalf of sophisticated global investors across diverse strategies and regions. The debt facility marks a significant milestone in Ripple Prime’s evolution, reinforcing its ability to deliver institutional-grade services at scale while capitalizing on the convergence of traditional and digital finance.