Ripple Prime, the institutional arm of the blockchain payments company, has secured a $200 million credit facility from asset manager Neuberger Berman. The capital is earmarked to deepen the firm's margin lending capacity for institutional clients across multiple asset classes.
Scaling margin capabilities for institutions
The credit line gives Ripple Prime more firepower to offer larger margin loans to hedge funds, asset managers, and other professional investors. Margin lending allows clients to borrow against their portfolio holdings to amplify returns or meet liquidity needs — a service that has become increasingly sought after as crypto and traditional finance converge.
By tapping Neuberger Berman's balance sheet, Ripple Prime can extend credit against a broader range of collateral without tying up its own capital. The facility is structured as a single credit line rather than separate limits for each asset class, which simplifies operations for both the firm and its clients.
Why a single credit line matters
Noel Kimmel, president of Ripple Prime, stressed the importance of a unified credit facility. "Having a single credit line across all major asset classes allows us to provide consistent, scalable margin availability to our institutional partners," Kimmel said in a statement. The approach reduces administrative friction and lets clients move between asset classes without renegotiating terms each time.
Ripple Prime has been building out its prime brokerage services over the past year, aiming to bridge crypto markets with traditional finance. The Neuberger Berman deal is one of the larger credit facilities extended to a crypto-focused prime broker, signaling growing confidence among traditional asset managers in the space.
What the facility enables
With the $200 million line, Ripple Prime can offer deeper margin availability to institutions active in equities, fixed income, digital assets, and other sectors. The company's platform already supports collateral management and trade execution, and the fresh credit capacity is expected to attract larger clients who need substantial leverage.
The facility does not represent a loan to Ripple Prime itself, but rather a credit commitment that the firm can draw upon to fund client margin positions. Neuberger Berman, which manages over $400 billion in assets, has been increasing its exposure to digital asset infrastructure through such partnerships.
For Ripple Prime, the next step will be integrating the credit line into its existing margin systems and rolling out the expanded service to its institutional client base. The firm has not disclosed a specific launch date, but the facility is effective immediately.
