Ripple Prime, the multi-asset prime brokerage platform owned by Ripple, has lined up a $200 million debt facility from funds managed by Neuberger Specialty Finance. The company announced Monday that the new funding is meant to expand its lending capacity — a move that signals growing demand for crypto-backed credit services.
What the debt facility covers
The facility is structured as a senior secured debt arrangement, though the exact terms — including interest rate and maturity date — were not disclosed. Neuberger Specialty Finance, a unit of Neuberger Berman, is providing the capital from managed funds. Ripple Prime says the money will go directly into its lending operations, allowing the platform to offer more loans to institutional clients.
Ripple Prime's place in the market
Ripple Prime launched as a prime brokerage for digital assets, competing with firms like FalconX and Coinbase Prime. It offers trading, custody, and lending services across cryptocurrencies and traditional assets. The company is a wholly owned subsidiary of Ripple, the blockchain payments firm best known for its XRP token. This new credit line comes as Ripple itself continues to fight a years-long SEC lawsuit over whether XRP is a security — a case that has kept the broader crypto industry on edge.
Why lending capacity matters now
Institutional demand for crypto lending has fluctuated sharply since the 2022 market crash, when several major lenders collapsed. Ripple Prime's move suggests it sees a window to capture market share from cautious competitors. The $200 million facility gives the platform more dry powder to originate loans secured by digital assets, a business that requires deep capital reserves to manage price volatility. Ripple Prime did not say whether the facility will be used to back loans in XRP, bitcoin, or other cryptocurrencies.
The deal was announced via a press release on Monday. No further details on drawdown schedules or restrictions were provided.
