Ripple has signed a $200 million credit agreement with Neuberger Specialty Finance to expand its brokerage and financing services for institutional clients. The deal marks a significant boost in Ripple’s margin financing capability, enabling the company to respond rapidly to larger client needs across both digital assets and traditional finance markets.
Scope and Strategic Value of the Credit Agreement
According to Ripple’s announcement, the new credit infrastructure will allow high-volume investors to access larger margin lines and receive instant financing. With a $200 million credit cap, Ripple can now offer more robust and flexible liquidity support to its growing client base. Neuberger Specialty Finance operates as the asset-based lending arm of Neuberger Berman, which manages $570 billion in assets worldwide.
This new facility gives Ripple Prime flexibility to provide resources to clients without relying solely on company capital during periods of increased market activity. As institutional demand for crypto assets rises sharply, real-time access to capital strengthens Ripple’s competitive advantage for its clients.
Noel Kimmel, President of Ripple Prime, highlighted that reliable financing is a core requirement for institutions in active markets, adding that the new structure enables them to meet customer demands more swiftly.
“With this facility, we’re increasing our margin capacity, moving more nimbly, and improving capital efficiency for our clients,” stated Noel Kimmel, President of Ripple Prime.
Growth in Ripple’s Institutional Services
Starting from its cross-border payment network, Ripple has rapidly expanded its portfolio to include custody, stablecoins, treasury management, and full-service brokerage solutions. Ripple Prime launched following Ripple’s $1.25 billion acquisition of Hidden Road in 2025. Hidden Road was a well-known platform offering professional brokerage services across both traditional and digital markets. After the acquisition, Ripple Prime added a range of institutional services, including margin finance, clearing, trade support, and risk management.
Ripple reported that, following this acquisition, it nearly tripled both its client base and revenue year-over-year. The company pointed to rising demand for robust infrastructure and professional services on the institutional side as fundamental drivers of this growth.
Recent Developments in Institutional Demand and Market Dynamics
Prime brokers, especially hedge funds and portfolio management firms, provide financing, custody, and clearing support, along with broad trading opportunities for major investors. In crypto assets, the need for such services is even greater, as institutions seek secure and comprehensive solutions beyond offerings for individual investors.
The Neuberger agreement gives Ripple Prime both capital flexibility and speed to meet surging institutional demand. Likewise, other major financial institutions have recently launched new platforms and products for digital assets. State Street and Standard Chartered, for example, have publicly introduced brokerage solutions targeting the crypto market.
Institutions are now increasingly explicit about their desire for integrated access to margin, custody, and clearing in digital assets, similar to classic financial services. As a result, industry players like Ripple are broadening their institutional offerings accordingly.
Ripple recently raised an additional $500 million, bringing its valuation to $40 billion in this latest funding round. The company also acquired GTreasury, a treasury management software provider, for $1 billion, further strengthening its institutional footprint.
Altogether, these developments signal Ripple’s evolution from strictly a payments platform to a provider of a wide range of institutional services—including financing, brokerage, custody, and tokenization—for corporate clients.
