Ripple has secured a $200 million asset-backed debt facility for its prime brokerage unit, Ripple Prime, in a move aimed at expanding lending services for institutional crypto clients.
The financing was provided by Neuberger Berman and will support Ripple Prime’s margin lending operations across crypto, equities, fixed income, and foreign exchange markets.
Dependable access to financing is critical to institutional participants in today’s dynamic markets, and Ripple Prime’s ability to meet this need just got that much stronger.
We’re proud to partner with Neuberger on a $200M debt facility to meet rising client demand for our…
— Ripple (@Ripple) May 11, 2026
According to the company, the facility can be accessed either fully or in stages, depending on client demand. Ripple Prime plans to use the capital to issue margin loans backed by collateral held within its brokerage framework.
Ripple Prime President Noel Kimmel said institutional investors increasingly manage multi-asset portfolios and expect unified access to financing and trading services instead of separate systems for each market.
Ripple doubles down on institutional services
The funding comes months after Ripple entered the U.S. digital asset prime brokerage market following its $1.25 billion acquisition of Hidden Road, one of the largest deals completed in the crypto industry.
The acquisition combined Hidden Road’s clearing and multi-asset infrastructure with Ripple’s blockchain technology, allowing the company to offer integrated trading, financing, and execution services across crypto, derivatives, foreign exchange, and fixed income products.
Ripple Prime CEO Mike Higgins confirmed on May 11 that XRP will be used alongside Bitcoin, Ethereum, and tokenized money market funds as collateral for institutional margin trading and settlement. The move adds another use case for XRP as Ripple expands services for large institutional clients.
Shortly after the launch of Ripple Prime, Ripple also announced a $500 million funding round that valued the company at $40 billion. The round included backing from firms such as Fortress Investment Group, Citadel Securities, Galaxy Digital, and Pantera Capital.
What is Ripple’s DeFi strategy focus?
Ripple Prime has also expanded into decentralized finance infrastructure. In February, the company integrated Hyperliquid into its brokerage network, giving institutional clients access to onchain derivatives markets under a single margin system.
The company’s expansion strategy has also included custody, treasury, stablecoin, and wallet services. In November 2025, Ripple acquired Palisade to strengthen its institutional digital asset operations.
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