On Monday, Ripple announced that it had secured a $200 million debt facility from Neuberger Specialty Finance, an asset-based investment firm focused on high-yield lending.
The company said the financing is aimed at supporting the further expansion of its multi-asset brokerage platform, Ripple Prime, as it sees “growing customer demand for premium institutional-grade services and margin financing solutions.”
How Ripple Prime will employ its PLN 200 million debt
Ripple Prime was created following Ripple’s acquisition of Hidden Road tardy last year for approximately $1.2 billion. It serves as the clearing and intermediary arm for exchange-traded derivatives (ETD) and related financial activities. The company said its platform was performing well, saying Ripple Prime revenues tripled compared to the previous year.
According to official releasethe up-to-date facility allows Ripple Prime to withdraw up to $200 million, providing additional flexibility as customer demands change. The company said the proceeds will be used to expand financing for customers operating in both time-honored and digital markets.
In doing so, the brokerage platform expects to raise its creditworthiness and strengthen its ability to service both existing institutional clients and up-to-date relationships.
Noel Kimmel, CEO of Ripple Prime, said access to financing and balance sheet strength are vital for institutional participants in volatile and rapidly changing markets.
He added that the facility is intended to aid the company grow “alongside” its customers through expansion margin capacityimproving responsiveness and supporting better capital efficiency.
Kimmel also highlighted Neuberger Specialty Finance’s expertise in asset-based finance and said the lender’s support reflects the premium services platform Ripple Prime has built, along with the company’s “many growth opportunities.”
Neuberger and Kroll both weigh in
Peter Sterling, director of Neuberger Specialty Finance, said the facility reflects Neuberger’s focus on working with market-leading platforms.
He described the brokerage platform as a cross-border business time-honored markets and expanding markets by combining what he called fintech technology and agility with bank-level compliance and operational rigor.
The announcement follows a credit ratings exercise earlier this year. In April, Kroll assigned Ripple Prime its inaugural investment-grade issuer rating of ‘BBB’.
Kroll analysis as before reported by Bitcoinist, described the company as being in a scaling phase, pointing to its 2024 launch of its ETD platform and Ripple Prime’s fixed income repo business. These repo activities are reported to have reached significant scale in 2025, with a focus on short-term US Treasuries and agency securities.
At the time of writing, the price of the Ripple-related cryptocurrency, XRPwas $1.47, an 8% gain over the past thirty days amid a broader rally in cryptocurrency values driven by the price of Bitcoin (BTC) rising above $82,000.
Featured image created with OpenArt, chart from TradingView.com
Editorial process for bitcoinist is focused on providing thoroughly researched, exact and unbiased content. We adhere to stringent sourcing standards, and each page is carefully reviewed by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and value of our content to our readers.
