Ripple Secures $200m Deal To Expand Crypto Margin Offerings

Ripple's prime brokerage arm has secured a significant capital injection to deepen its institutional offerings. Ripple's prime brokerage unit has obtained an asset-backed debt financing facility of up to $200 million from Neuberger Berman. The deal, first reported by Bloomberg, underscores the growing appetite among traditional finance firms to back institutional-grade crypto infrastructure.

Scaling Margin Across Asset Classes

The facility is being provided through Neuberger Berman's dedicated financial services team and can be drawn in tranches, with availability tied to institutional demand for borrowing across equities, fixed income, and crypto markets. According to Ripple Prime President Noel Kimmel, the facility creates a unified credit structure across diverse asset classes, directly expanding the unit's ability to finance client trades and manage risk.

The structure gives Ripple's institutional clients a single point of leverage across both digital and traditional markets, bridging $XRP liquidity with conventional financial instruments. The financing aims to increase margin capacity for institutional clients trading equities, fixed income, and cryptocurrencies, enhancing capital efficiency across markets, and supports Ripple's role as a nonbank prime brokerage utilizing blockchain technology.

Building on a Rapid Expansion

The new facility builds on an already aggressive growth strategy. Ripple acquired Hidden Road for $1.25 billion, a prime brokerage clearing over $3 trillion annually with more than 300 institutional clients. The deal closed in October 2025 and the division was rebranded as Ripple Prime. The move follows significant company growth, including a previous $500 million fundraising round that valued Ripple at $40 billion.

This new capital will further bolster Ripple's custody, stablecoin, and prime brokerage services for institutional clients. For Neuberger Berman, the deal signals a growing willingness among established asset managers to extend structured credit to regulated crypto-native firms. Neuberger Berman manages approximately $563 billion in assets under management as of late 2025.

Together, the partnership positions Ripple Prime as a credible competitor to traditional prime brokers at a time when institutional demand for unified trading infrastructure spanning both crypto and legacy markets continues to grow.

Sources:
Bloomberg: Ripple Teams With Neuberger on New Debt Facility to Boost Margin
TrustFinance: Ripple Secures $200M Debt Facility from Neuberger Berman