Ripple Prime Secures $200 Million Debt Facility from Neuberger Specialty Finance to Expand Capacity

Facility Will Support the Continued Growth of Ripple Prime, Enhancing its Ability to Serve New and Existing Institutional Relationships

SAN FRANCISCO--(BUSINESS WIRE)--Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced the successful closing of a $200 million debt facility from funds managed by Neuberger Specialty Finance, the dedicated asset-based investment team within Neuberger, a global investment management firm. The facility will support the continued growth of Ripple’s multi-asset prime brokerage platform, Ripple Prime, amid rising client demand for institutional-grade prime services and margin financing solutions.

Since Ripple acquired the platform in 2025, Ripple Prime has tripled its revenue year over year. Ripple Prime’s sustained growth in client activity and demand for its prime services and financing solutions has been driven by increased participation across traditional and digital markets as well as the need for reliable counterparties capable of delivering consistent access to capital at scale.

“Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets,” said Noel Kimmel, President of Ripple Prime. “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.”

The facility enables Ripple Prime to draw up to $200 million, providing flexibility as client needs evolve. Proceeds will be used to extend financing to clients engaging in traditional and digital markets, increasing Ripple Prime’s lending capacity and enhancing its ability to serve new and existing institutional relationships.

“Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor,” said Peter Sterling, Head of Neuberger Specialty Finance. “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.”

About Ripple

Founded in 2012, Ripple is the leading provider of blockchain-based enterprise solutions across traditional and digital finance. Its solutions span global payments, custody, liquidity, and treasury management, serving as a one-stop shop for moving, storing, exchanging, and managing value. Ripple's stablecoin, RLUSD, and the cryptocurrency XRP underpinning these solutions allow Ripple and its customers to shape the modern financial system.

About Neuberger Private Markets

Neuberger Private Markets is a division of Neuberger and has been an active and successful private markets investor since 1987. Neuberger Private Markets invests across strategies, asset classes, and geographies for a large number of sophisticated and renowned institutions and individuals globally. As of December 31, 2025, Neuberger Private Markets manages over $155 billion of investor commitments across primaries, co-investments, secondaries, private credit, and specialty strategies. Neuberger Private Markets has an experienced and diverse team of over 500 professionals with a global presence in 17 offices globally.