Ripple, the blockchain-based enterprise solutions provider, has closed a $200 million debt facility from funds managed by Neuberger Specialty Finance, the asset-based investment team within Neuberger, a global investment management firm. The facility will support the continued growth of Ripple Prime, Ripple’s multi-asset prime brokerage platform, amid rising client demand for institutional-grade prime services and margin financing solutions.
Since Ripple acquired the platform in 2025, Ripple Prime has tripled its revenue year over year. The platform’s growth has been driven by increased participation across traditional and digital markets, as well as demand for reliable counterparties capable of delivering consistent access to capital at scale. The new facility enables Ripple Prime to draw up to $200 million, providing flexibility as client needs evolve, with proceeds earmarked to extend financing to clients engaging in both traditional and digital markets.
Ripple Prime has positioned itself at the intersection of fintech-grade technology and bank-level compliance, serving institutional clients who require dependable access to financing and balance sheet strength. The facility is designed to increase Ripple Prime’s lending capacity while enhancing its ability to serve new and existing institutional relationships.
Founded in 2012, Ripple provides solutions spanning global payments, custody, liquidity and treasury management. Its stablecoin RLUSD and the cryptocurrency XRP underpin Ripple’s broader suite of enterprise offerings across modern financial infrastructure.
KEY QUOTES:
“Dependable access to financing and balance sheet strength are critical to 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. Neuberger Specialty Finance has deep expertise in asset-based finance and a strong understanding of our business model, and its support reflects the differentiated prime services platform we have built and the many growth opportunities available to us.”
Noel Kimmel, President, Ripple Prime
“Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor. This facility reflects our focus on partnering with market leading platforms and is a testament to Ripple Prime’s unique position at the nexus of traditional and expanding markets. The deal team, led by Jay Berger, and I are pleased to support the company’s ongoing growth and success through this creative solution.”
Peter Sterling, Head, Neuberger Specialty Finance
