Ripple secures $200 million debt facility to expand prime brokerage lending capacity

Ripple has locked down a $200 million debt facility from Neuberger Specialty Finance to support expansion of Ripple Prime, its multi-asset prime brokerage platform serving institutional clients across traditional and digital markets, according to a Monday statement.

Ripple Prime exists because Ripple bought Hidden Road, a prime brokerage, in 2025. Since that acquisition closed, the platform has tripled its revenue year-over-year. The new facility lets Ripple Prime draw up to $200 million as client demand scales, giving it a flexible credit line.

“This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency,” said Noel Kimmel, President of Ripple Prime.

What Ripple looks like by summer 2026

By summer 2026, the firm has assembled a wide institutional toolkit: payments, custody, liquidity management, treasury solutions, a regulated stablecoin, and now a prime brokerage with fresh lending capacity.

Ripple closed a $500 million funding round in November 2025 that valued the company at $40 billion.

Its stablecoin, RLUSD, hit a market capitalization of $1.5 billion by April 2026, per CoinGecko. XRP was trading at $1.4 at press time with a market cap north of $90 billion.

Why Hidden Road matters

Ripple’s acquisition of Hidden Road is shaping up as a high-impact strategic move. Prime brokerages typically offer margin financing, securities lending, trade execution, and settlement services.

Following the 2025 acquisition, Ripple Prime operates as a global, multi-asset prime brokerage spanning traditional securities and digital assets, distinguished by its blockchain integration and institutional-grade scale.

Neuberger Specialty Finance, a division with roots in asset-based finance going back to 1987, is publicly backing Ripple’s brokerage model.

Peter Sterling, who heads Neuberger Specialty Finance, described Ripple Prime as combining “fintech-grade technology and agility with bank-level compliance and operational rigor.”

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.