Ripple Lands $200 Million Financing Facility to Expand Institutional Crypto Brokerage
Ripple has secured a $200 million debt facility from Neuberger Specialty Finance to support the expansion of its institutional prime brokerage platform, Ripple Prime. The financing will be used to increase margin capacity, responsiveness, and capital efficiency for institutional clients in both traditional and digital asset markets. Ripple Prime, which began after Ripple’s acquisition of Hidden Road in 2025, has tripled revenue year over year due to rising institutional demand. The facility allows Ripple Prime to draw up to $200 million as needed and aims to support its continued growth. Neuberger Specialty Finance highlighted Ripple Prime’s combination of advanced technology, regulatory compliance, and its position at the intersection of traditional and digital finance. Ripple’s associated cryptocurrency, XRP, has recently risen 2% in one day and 8.5% over the past month, reflecting broader crypto market strength.
