Ripple has secured a $200 million line of credit from funds managed by Neuberger Berman to grow its institutional prime brokerage business. This move shows that the demand for financing services in the digital asset market continues.
According to the company’s statement, the debt facility created will enable Ripple Prime to offer more leveraged loans and similar financing products to hedge funds, trading companies and other institutional clients active in both crypto and traditional markets.
Growth Move in Corporate Services
Noel Kimmel, president of Ripple Prime, said that they will be able to serve a wider corporate customer base thanks to the additional capital provided. Kimmel pointed out that the demand for loans and brokerage continues to increase in the crypto market. Neuberger Berman is known as a leading investment manager managing more than $560 billion in assets worldwide.
Ripple’s statement did not provide any details about how much of the $200 million credit limit has been used so far or the profitability of the company from this business unit.
Hidden Road Acquisition and Growth Strategy
Ripple acquired prime brokerage platform Hidden Road in April 2025 in a deal worth approximately $1.25 billion and completed the process six months later. With this move, the company has stepped into prime brokerage services for institutions and recently rebranded its business unit as Ripple Prime.
At the time of acquisition, Hidden Road was a global brokerage platform providing clearing, financing and order execution services to hedge funds, market makers and similar institutions in both digital and traditional markets. At that time, the firm was serving more than 300 corporate clients with a transaction volume reaching $3 trillion annually.
Ripple management stated that with the Hidden Road acquisition, they are the first crypto company to integrate a global-scale prime broker platform into its financial infrastructure.
This acquisition set a remarkable precedent in the industry as it was the first time a crypto-focused company had a say in a global prime broker.
Expansion in Corporate Partnerships
With the growth of Ripple Prime, the adoption rate on the platform has also increased rapidly. Finally, crypto exchange Bullish has expanded its Ripple Prime integration, offering institutional customers direct access to Bitcoin options trading.
Thanks to this integration, Ripple Prime users can trade in Bullish’s regulated Bitcoin options market. Additionally, some stablecoins are accepted as collateral, including Ripple USD (RLUSD).
The market cap of Ripple USD (RLUSD) stablecoin exceeds $1.5 billion.
