Ripple, a blockchain-based enterprise solutions provider spanning traditional and digital finance, has secured a $200m debt facility.
It was supplied by funds managed by Neuberger Specialty Finance, the asset-based investment arm of global investment management firm Neuberger, to fuel the expansion of its institutional prime brokerage platform.
The facility will back the continued development of Ripple Prime, the company’s multi-asset prime brokerage platform, as demand from institutional clients for prime services and margin financing continues to climb.
Ripple Prime is permitted to draw up to the full $200m, with proceeds earmarked for extending financing to clients operating across both traditional and digital markets, broadening its lending capacity and strengthening its ability to serve new and existing institutional relationships.
Ripple acquired the platform in 2025, and since then Ripple Prime has tripled its revenue year over year. The company attributes this growth to greater client participation across traditional and digital markets and mounting demand for reliable counterparties capable of providing consistent access to capital at scale.
Ripple is a blockchain-focused enterprise technology company founded in 2012. Its product suite covers global payments, custody, liquidity, and treasury management, offering clients a single platform for moving, storing, exchanging, and managing value.
Ripple Prime president Noel Kimmel said, “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.”
Neuberger Specialty Finance head Peter Sterling said, “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.”
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