Ripple Prime secures $200M credit line, eyes XRP collateral
6.6 Investments Ripple Prime secured a $200M credit line from Neuberger Berman to boost institutional margin trading. XRP, Bitcoin, and Ethereum may be used as collateral, with a focus on cross-asset financing efficiency.
Ripple Prime has secured a $200 million asset-backed debt facility from Neuberger Berman’s specialty finance division. This facility is designed to expand margin capacity for institutional investors across equities, fixed income, and cryptocurrencies. Structured to allow Ripple Prime to draw funds in tranches based on client borrowing demand, it offers flexibility to scale lending operations as needed. This development follows Ripple’s $1.25 billion acquisition of Hidden Road, positioning Ripple Prime as a multi-asset prime broker serving over 300 institutional clients. The financing integrates blockchain technology with traditional prime brokerage services, supporting cross-asset trading and enhancing financing efficiency. Ripple Prime CEO Mike Higgins confirmed that institutions may use XRP as collateral alongside Bitcoin and Ethereum, with a preference for custodians and triparty systems over exchanges. He also highlighted the RLUSD stablecoin as a tool for faster collateral transfers and improved capital efficiency. While reports of the Neuberger Berman facility have been widely covered, some sources note the lack of official confirmation at press time.
