Ripple Secures $200 Million Debt Facility to Enhance Institutional Crypto Finance Presence

Ripple Secures $200 Million Debt Facility to Enhance Institutional Crypto Finance

In a significant move to bolster its presence in the institutional crypto finance sector, Ripple, the company behind the digital assets XRP and RLUSD, has announced the acquisition of a $200 million debt facility from Neuberger Berman. This partnership underscores the growing confidence of traditional finance giants in Ripple’s expanding ecosystem.

Ripple’s Prime President, Noel Kimmel, emphasized the importance of reliable access to financing and robust balance sheet strength for institutional participants in today’s dynamic markets. “This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency,” Kimmel stated.

The debt facility will support the ongoing growth of Ripple’s multi-asset prime brokerage platform, recently rebranded as Ripple Prime following the acquisition of Hidden Road. Ripple Prime has seen a remarkable surge in client demand for institutional-grade prime services and margin financing solutions, reportedly tripling its revenue in 2025.

Neuberger Private Markets, a division of Neuberger Berman, has been a key player in private markets investment for nearly 40 years, catering to a diverse array of sophisticated institutions and individuals globally. Peter Sterling, Head of Neuberger Specialty Finance, praised Ripple Prime for its innovative approach, noting that it combines fintech-grade technology with bank-level compliance and operational rigor.

As Ripple continues to navigate the evolving landscape of crypto finance, this strategic financial backing positions the company to meet the growing needs of institutional clients, ensuring it remains at the forefront of the industry.