Back

Ripple Prime Brokerage Unit Secures Up to $200 Million Debt Facility

According to Ripple, Ripple Prime secured up to $200 million from Neuberger Berman as revenue tripled over the past year, building on its acquired Hidden Road platform and broader institutional crypto services expansion.

Fact Check
The claim is directly confirmed by Bloomberg ('Ripple Teams With Neuberger on New Debt Facility to Boost Margin', May 11, 2026), which is the original source cited in the claim itself. Bloomberg reports a $200 million asset-based debt facility from Neuberger Berman's specialty-finance group for margin lending across equities, fixed income, and crypto - matching all key elements of the claim. Crypto.news and Investing.com independently corroborate the same details. The 'up to $200 million' framing aligns with Bloomberg's description of the facility scaling based on borrowing demand. No conflicting evidence was found.
Summary

Ripple said Ripple Prime secured an asset-backed credit facility of up to $200 million from Neuberger Berman to support institutional margin trading across traditional assets and crypto. In the same broader update, Ripple said Ripple Prime’s revenue tripled over the past year and referenced a $1.25 billion acquisition of the business. Ripple also said the unit is building on acquired Hidden Road, which has processed more than $3 trillion in clearing volume.

Terms & Concepts
  • Prime brokerage: A service model for institutional clients that provides trading, financing, custody, and related support across markets.
  • Asset-backed credit facility: A lending arrangement secured by collateral, used to provide liquidity or expand financing capacity.
  • Margin trading: Trading with borrowed funds, allowing investors to increase market exposure while taking on additional risk.