Ripple secured a $200 million debt facility to expand prime brokerage lending capacity

Ripple has closed a $200 million debt facility from Neuberger Specialty Finance to support the expansion of Ripple Prime, the multi-asset prime brokerage platform serving institutional clients in traditional and digital markets, according to a statement on Monday.

Ripple Prime exists because Ripple bought Hidden Road, a prime broker, in 2025. Since that acquisition closed, the platform has tripled its revenue year over year. The new facility will allow Ripple Prime to raise up to $200 million depending on customer demand, giving it a flexible line of credit.

“This facility allows us to grow with our customers by providing them with increased profitability, greater responsiveness and improved capital efficiency,” said Noel Kimmel, president of Ripple Prime.

What will Ripple look like in summer 2026?

In the year By the summer of 2026, the company had assembled a broad set of institutional tools: payments, custody, cash management, treasury solutions, a regulated stablecoin and now a prime broker with new lending capabilities.

Ripple closed a $500 million funding round in November 2025, valuing the company at $40 billion.

Its stablecoin, RLUSD, is pegged by CoinGecko at a market capitalization of $1.5 billion in April 2026. XRP was trading at $90 billion at $1.4 at press time.

Why is the secret way important?

Ripple's discovery of the hidden path is shaping up to be a high-impact strategic move. Prime brokers typically provide margin financing, collateral lending, trade execution and settlement services.

Following the 2025 acquisition, Ripple Prime will operate as a global multi-asset prime broker distinguished by its blockchain integration and institutional scale.

Neuberger Specialty Finance, an asset-based finance arm dating back to 1987, is officially backing Ripple's brokerage model.

Peter Stirling, who heads Neuberger Specialty Finance, described Ripple Prime as combining “fintech-level technology and efficiency with bank-level compliance and operational rigor.”