TL;DR:
Ripple Prime secured a $200 million asset-based debt facility with the specialized finance group of Neuberger Berman, with the goal of expanding its margin lending capacity for institutional clients. According to Bloomberg, the facility can be used in full or in part, depending on financing demand across equities, fixed income and crypto assets.
According to the report, Ripple Prime deploys margin loans as collateral within its own financing structure. Noel Kimmel, president of the firm, described it as “a single structure, a single credit line, across major asset classes,” and argued that the platform’s infrastructure must reflect the fact that institutional clients do not operate with “siloed risks or portfolios.”
The financing comes months after Ripple launched its digital asset prime brokerage platform for the U.S. market in November 2025, following the acquisition of Hidden Road for $1.25 billion, one of the largest transactions in the history of the crypto industry.
That transaction merged Hidden Road’s multi-asset licenses and infrastructure with Ripple’s technology to offer unified clearing, financing and execution across digital assets, currencies, derivatives and fixed income.
The deployment also took place days before the company announced a $500 million funding round at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities, with participation from Galaxy Digital, Pantera Capital, Brevan Howard and Marshall Wace.
In February 2026, Ripple integrated Hyperliquid into its platform, marking the first direct integration with a decentralized finance protocol. Through the connection, clients can access Hyperliquid’s onchain derivatives markets and manage those positions alongside their exposures on centralized platforms and traditional markets, all under a single margin framework.
