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Ripple Prime secures US$200 million debt facility
11 May 2026 US
Image: heyengel/stock.adobe.com
Ripple has closed a US$200 million debt facility from funds managed by Neuberger Specialty Finance, the dedicated asset-based investment team within Neuberger.
According to the 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.
Noel Kimmel, president of Ripple Prime, states: “Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets.
“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 US$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.
Peter Sterling, head of Neuberger Specialty Finance, comments: “Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor.
“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.”
According to the 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.
Noel Kimmel, president of Ripple Prime, states: “Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets.
“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 US$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.
Peter Sterling, head of Neuberger Specialty Finance, comments: “Ripple Prime has built an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor.
“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.”
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