Ripple has secured a significant $200 million asset-backed debt facility from Neuberger Berman, one of the world’s leading independent investment managers. This funding is intended to bolster Ripple Prime, the company’s institutional prime brokerage platform that debuted in November 2025.
The facility is backed by Ripple Prime’s institutional loan portfolio, allowing for flexible withdrawals. This means Ripple can draw on the line of credit as needed instead of accessing the entire $200 million at once, which provides the company the agility to scale its lending and margin trading operations in response to actual market demand.
Neuberger Berman stands out in this arrangement, managing approximately $567 billion in client assets. Unlike crypto-specific funds, this traditional asset manager extending credit to a firm in the digital assets sphere signifies a notable shift in how Wall Street perceives crypto infrastructure in 2026.
Since its launch, Ripple Prime has seen its revenues triple year-over-year, currently managing over $3 trillion in annual clearing volumes, showcasing its rapid growth and expanding influence in the institutional space.
Ripple Prime did not emerge overnight; it is built on the foundational assets acquired from Ripple’s purchase of Hidden Road for $1.25 billion in October 2025. Hidden Road was an already established multi-asset prime broker that served institutional clients in both traditional and digital markets. By acquiring this infrastructure, Ripple was able to rebrand and expand its operations into Ripple Prime, effectively integrating equities, fixed income, foreign exchange, and digital assets—including XRP and RLUSD—under one cohesive service.
The landscape for institutional crypto services is evolving quickly. Coinbase Prime benefits from being a publicly traded and US-regulated entity with robust liquidity. Meanwhile, Galaxy Digital leverages capital markets expertise along with a growing lending portfolio. Ripple Prime aims to set itself apart with its multi-asset integration approach, envisioning itself as a centralized platform for both traditional and digital assets.
The $200 million credit facility is geared toward operational capital that will sustain margin trading and lending efforts. Ripple anticipates that institutions will seek to borrow against their crypto assets while concurrently managing traditional asset positions. Projections suggest that corporate allocations to digital assets could surpass $1 trillion by the close of 2026.
For holders of XRP and RLUSD, the expansion of Ripple Prime may potentially ignite increased demand for both cryptocurrencies. A larger institutional platform means these tokens could find new roles as collateral or means of settlement, enhancing their utility in the market.
