Ripple Prime has secured a $200 million debt facility from asset manager Neuberger Berman. The money will go toward expanding the company's crypto margin trading services — a move that gives its clients more borrowing power for leveraged positions. It's the latest sign that institutional lenders are willing to put capital behind crypto prime brokers, even as the sector faces ongoing regulatory scrutiny.
$200 million from Neuberger Berman
Neuberger Berman, one of the world's largest private asset managers, is providing the facility as a debt arrangement — not equity. That means Ripple Prime won't dilute existing shareholders. Instead, it gets a line of credit it can draw on to lend to its trading clients. The terms of the deal weren't disclosed, but debt facilities of this size are rare in crypto prime brokerage, where most funding still comes from venture capital or token sales.
Expanding margin lending
Margin trading lets clients borrow funds to amplify their bets on crypto prices. Ripple Prime plans to use the new capital to offer larger margin positions and more flexible terms to its institutional and high-net-worth users. The company has been building out its prime brokerage suite over the past year, and this facility gives it a bigger balance sheet to compete with incumbents like FalconX and Genesis, which have their own lending programs. The timing isn't great for the broader market — crypto trading volumes have been choppy in 2026 — but prime brokers see margin lending as a sticky service that keeps clients on the platform.
Debt financing vs. equity dilution
By choosing debt over equity, Ripple Prime avoids giving up board seats or control. It also signals confidence that the business can generate enough revenue from margin interest to service the debt. Neuberger Berman gets a fixed-income return from a sector that's still seen as high-risk. For the asset manager, it's a bet that crypto prime brokerage will grow into a stable, high-volume business. For Ripple Prime, it's a vote of confidence from one of Wall Street's old-guard names.
The facility is expected to be drawn down over the next several months as client demand dictates. No further details on repayment schedule or interest rates have been made public.
