Ripple Expands Crypto Margin Push With $200M Credit Facility
Ripple secured fresh institutional backing to deepen its push into crypto prime brokerage, with asset manager Neuberger Berman providing a $200 million debt facility to expand leveraged trading across digital assets and traditional markets.
Summary:
- Ripple Prime receives a $200M revolving credit facility.
- Neuberger Berman backs expansion of crypto margin trading.
- Ripple deepens push into institutional prime brokerage.
The financing agreement, announced May 11, gives Ripple Prime access to revolving credit designed to support institutional margin activity spanning cryptocurrencies, equities and fixed income products. The move signals Ripple’s accelerating transition from a payments-focused infrastructure provider into a multi-asset institutional trading platform.
Ripple Builds Institutional Prime Brokerage Stack
The facility follows Ripple’s aggressive expansion into institutional finance over the past year, including its acquisitions of prime brokerage firm Hidden Road and treasury-management platform GTreasury. Together, those deals laid the groundwork for what executives describe as a “unified credit structure,” allowing clients to trade across asset classes using a single pool of collateral and financing.
Rather than operating as a traditional fixed-term loan, the Neuberger Berman arrangement is structured as a dynamic revolving facility, enabling Ripple Prime to draw liquidity in stages based on market demand and trading volumes. Industry participants say the setup resembles specialty finance structures commonly used in traditional brokerage and derivatives markets.
Ripple Prime President Noel Kimmel said institutional demand has accelerated sharply since the Hidden Road acquisition, with platform revenue reportedly tripling year-over-year. The additional liquidity is expected to support larger client positions, cross-market financing strategies and expanded margin capabilities during periods of elevated market activity.
Institutional Adoption Accelerates
The announcement also arrives amid strengthening momentum across Ripple’s broader institutional ecosystem. U.S.-listed XRP investment products have seen continued inflows in recent weeks, with XRP ETF assets under management reportedly surpassing $1.5 billion in early May. Disclosures from several major financial firms, including Goldman Sachs, have further reinforced growing institutional participation in XRP-linked products.
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At the same time, Ripple has continued integrating itself into traditional financial market infrastructure. Earlier this year, Ripple Prime was added to the NSCC MPID database, an important operational milestone that enables the firm to participate more directly in U.S. trade clearing and settlement systems.
Crypto and TradFi Financing Converge
Analysts view the Neuberger Berman facility as part of a broader convergence between crypto-native infrastructure and traditional prime brokerage models. Instead of forcing institutional clients to separate crypto trading from conventional capital markets activity, firms are increasingly building platforms where digital assets, equities and fixed income can operate under a single financing framework.
That shift is becoming increasingly important as hedge funds, market makers and treasury managers seek capital efficiency across portfolios. By allowing institutions to deploy collateral more flexibly, Ripple Prime is positioning itself as a cross-asset liquidity provider rather than solely a crypto trading venue.
The development also reflects changing sentiment among traditional asset managers toward digital assets. Large institutions that previously approached crypto through passive ETF exposure are now beginning to finance, clear and manage crypto trades using structures long established in traditional markets.
For Ripple, the partnership represents another step in transforming its business model from blockchain payments infrastructure into a broader institutional financial services platform designed to compete with established prime brokers operating across global capital markets.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
