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Ripple Prime Secures $200M Debt Facility from Neuberger Specialty Finance, Backed by $600B Manager
Neuberger Berman has provided a credit facility worth up to $200 million to Ripple’s prime brokerage arm, Ripple Prime. The funding is designed to strengthen Ripple Prime’s institutional trading infrastructure by supporting margin lending and financing services across multiple asset classes, including crypto, equities, fixed income, and foreign exchange markets.
The development comes after Ripple’s acquisition of Hidden Road and aligns with its broader push into U.S. prime brokerage services. Ripple is also working to integrate custody, treasury management, stablecoin functionality, and wallet solutions into a unified institutional platform. How much of the facility is ultimately used will depend on market conditions and the level of borrowing demand from institutional clients.
#XRP $XRP #Ripple
Neuberger Berman has provided a credit facility worth up to $200 million to Ripple’s prime brokerage arm, Ripple Prime. The funding is designed to strengthen Ripple Prime’s institutional trading infrastructure by supporting margin lending and financing services across multiple asset classes, including crypto, equities, fixed income, and foreign exchange markets.
The development comes after Ripple’s acquisition of Hidden Road and aligns with its broader push into U.S. prime brokerage services. Ripple is also working to integrate custody, treasury management, stablecoin functionality, and wallet solutions into a unified institutional platform. How much of the facility is ultimately used will depend on market conditions and the level of borrowing demand from institutional clients.
#XRP $XRP #Ripple
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