Ripple’s prime brokerage unit has secured up to $200 million in funding from Neuberger Berman to expand margin services for institutional investors.
summary
- Ripple Prime can withdraw up to $200 million based on institutional clients’ borrowing demand across markets.
- The Neuberger facility supports margin trading across cryptocurrencies, stocks, fixed income and forex.
- The deal comes on the heels of Ripple’s acquisition of Hidden Road and a broader push into institutional brokerage services.
The facilities were arranged through Neuberger Berman’s specialist financing group, According to To Bloomberg.
The financing is designed to support trade across traditional and digital markets. Ripple Prime can avail facilities based on clients’ borrowing demand across equities, fixed income, forex and crypto assets.
Meanwhile, Prime Brokers provides financing, custody, clearing and trading support to major clients. In this case, Ripple Prime plans to use debt facilities to increase the margin it can offer investors to trade across multiple asset classes.
“The future of prime finance supports all major asset classes through one structure and one line of credit,” said Ripple Prime President Noel Kimmel. This remains the position of Ripple Prime, while the actual use of the facility will depend on customer demand and market conditions.
A Hidden Road deal has been created for Ripple Prime
This move comes after Ripple received $1.25 billion acquisition from Hidden Road, which closed in October 2025. Following the completion of the deal, Ripple renamed its prime multi-asset brokerage Ripple Prime.
This deal gave Ripple a greater role in institutional trading. Hidden Road had already served clients across digital assets, forex, derivatives, and fixed income before becoming part of Ripple’s broader finance suite.
Moreover, Ripple has also taken Ripple Prime deeper into US digital asset trading. In November 2025, the company Fired Instant brokerage of digital assets for US institutional clients, including instant over-the-counter access to XRP and RLUSD.
The institutional push continued in April, when Ripple Prime connected customers to Bullish’s regulated bitcoin options market. Which Gave the deal Customers have direct access to where BTC options are settled in cryptocurrencies while Ripple and OKX have also expanded access to RLUSD on compatible markets.
Line of credit adds to Wall Street strategy
Neuberger Berman’s facility gives Ripple Prime more capacity at a time when cryptocurrency companies are trying to serve institutional investors with products that resemble traditional finance. The structure also links credit, margin and multi-asset trading within a single brokerage platform.
Ripple’s broader expansion included custodial, treasury, stablecoin and wallet infrastructure. In November 2025, the company acquired Palisade, adds other institutional custody and portfolio businesses to a year of dealmaking.
