2026-5-12 18:29 |
Ripple has secured a $200 million debt facility from Neuberger Berman to expand financing capacity for its institutional prime brokerage platform, Ripple Prime.
According to Ripple’s Monday announcement, the credit line came from funds managed by Neuberger Specialty Finance, the asset-based investment arm of the global investment manager.
Ripple said the facility will support growing demand for institutional prime brokerage and margin financing services across traditional and digital asset markets.
Ripple Prime, which emerged from Ripple’s acquisition of Hidden Road in 2025, has tripled revenue year over year since the takeover, according to the company.
The company attributed the increase in activity to rising institutional participation and demand for counterparties capable of providing consistent access to capital.
The facility allows Ripple Prime to draw up to the full $200 million as financing needs increase.
Ripple said the proceeds will be used to extend lending services to institutional clients trading across conventional and crypto markets.
“Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets,” Noel Kimmel, President of Ripple Prime, said in a statement.
Kimmel added that the arrangement would increase margin capacity, improve responsiveness, and support capital efficiency for clients.
According to Peter Sterling, who heads Neuberger’s Specialty Finance, Ripple Prime combines “fintech-grade technology and agility with bank-level compliance and operational rigor.”
Neuberger credited Ripple Prime’s position in connecting conventional financial markets with expanding digital asset infrastructure.
Ripple added that the financing package was structured to provide flexibility as institutional client requirements evolve.
XRP price action capped despite ecosystem growthInstitutional interest surrounding Ripple’s ecosystem has also extended into the XRP market in recent weeks.
XRP spot exchange-traded funds recorded $34.21 million in net inflows last week, while XRP gained roughly 8% over the past month.
According to analysts, a number of ecosystem-related developments have helped spur this demand.
For instance, the tokenized US Treasury settlement pilot announced last week involving Ondo Finance, JPMorgan, Mastercard, and Ripple has helped highlight potential use cases for the XRP Ledger in institutional finance infrastructure.
Earlier this month, Ripple Custody partnered with one of South Korea’s largest life insurers, Kyobo Life Insurance, to integrate institutional-grade digital asset custody solutions.
The collaboration leverages Kyobo's extensive financial network to develop a secure settlement platform for tokenized insurance products and digital assets, further solidifying Ripple's presence in the East Asian market.
Meanwhile, in April, Ripple Prime substantially boosted its institutional brokerage capabilities by integrating with Bullish’s regulated BTC options markets, allowing Ripple’s enterprise clients direct access to one of the world’s largest venues for crypto-settled Bitcoin options, utilising Ripple USD (RLUSD) to facilitate high-speed, capital-efficient trading.
Despite these developments, the XRP price has continued to face resistance between $1.44 and $1.46, while short-term momentum indicators have weakened after the recent rally.
At the time of writing, XRP was trading at $1.46 with gains of nearly 2% over the past 24 hours.
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