- Ripple Prime secures a $200M debt line from Neuberger to expand margin lending for institutional clients.
- The asset-based facility offers unified credit lines across equities, bonds, and digital assets markets.
- This signals growing institutional integration of crypto and TradFi and may boost unified multi-asset trading.
On May 11, 2026, Ripple Prime secured a $200 million asset-based debt facility from Neuberger Berman. The financing will significantly expand its margin lending capacity, enabling institutional clients to trade crypto, equities, fixed income, and FX under a single unified credit line, accelerating multi-asset prime brokerage growth.
Ripple Prime Secures 200M for Margin Lending Expansion
According to sources, Ripple Prime, the prime brokerage unit formed after Ripple’s acquisition of Hidden Road, has secured a $200M asset-based debt facility from Neuberger Berman’s specialty-finance group. The financing will directly expand the company’s margin lending capacity for institutional clients, enabling larger and more flexible lending operations.
The financing follows Ripple’s November entry into the U.S. digital asset prime brokerage market after its $1.25B acquisition of Hidden Road, a $500M funding round at a $40B valuation, led by Fortress Investment Group and Citadel Securities, with participation from Galaxy Digital, Pantera Capital, Brevan Howard, and Marshall Wace.
Moreover, earlier in February, Ripple also integrated Hyperliquid into Ripple Prime, enabling clients to access decentralized derivatives markets alongside centralized crypto venues and traditional assets such as FX and fixed income under a unified margin framework.
How the Debt Facility Enables Margin Expansion
Notably, the $200M asset-based credit facility provides Ripple Prime with flexible liquidity that can be drawn in full or in part, depending on client demand across equities, fixed income, and digital asset markets. This allows the platform to scale lending activity without proportionally increasing balance sheet exposure.
Furthermore, this model provides a unified credit line spanning equities, bonds, and crypto, enabling institutions to manage cross-asset portfolios without fragmented borrowing constraints. As Ripple Prime President Noel Kimmel noted, the system is designed around “one structure, one credit line,” reflecting how institutional investors manage integrated, multi-asset risk rather than isolated positions.
What’s Next for Ripple Prime and Institutional Crypto?
The massive debt facility represents strong validation from traditional asset managers in crypto-native infrastructure. This move signals growing institutional integration of crypto and TradFi and may boost unified multi-asset trading at scale. Having scaled rapidly since the Hidden Road acquisition, Ripple Prime is now poised to capitalize on surging institutional demand for sophisticated prime services as the market matures.
In H2 2026, RLUSD could see stronger adoption as collateral for 24/7 settlement and tokenized workflows, alongside increased use of XRP and the XRP Ledger (XRPL) for more efficient cross-border transactions. The platform is also likely to expand tri-party collateral networks while aligning with evolving standards such as Proof of Resilience and SOC reporting, supported by its fintech agility and compliance capabilities.
Meanwhile, Ripple executives, including President Monica Long, forecast over $1T in digital assets on corporate balance sheets by year-end, and 5–10% of capital markets settlement moving on-chain, supported by maturing XRP ETFs, deeper liquidity, and the first wave of real on-chain operational use cases beyond custody.
Therefore, broader institutional crypto may accelerate from accumulation to active integration. Coinbase and EY-Parthenon data show that 73% of institutions plan higher crypto exposure in 2026, with 18% already holding XRP and 25% planning to add it.
Related: Ripple-Owned Hidden Road Obtains FINRA License as Registered Broker-Dealer
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