Ripple Prime expands margin trading for institutions

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Ripple Prime expands margin trading

Highlights

Ripple Prime secured access to up to $200 million from Neuberger Berman.
The facility is designed to expand margin financing for institutional clients.
The credit line can support trading in crypto, equities, bonds and foreign exchange.
The move follows Ripple’s $1.25 billion acquisition of Hidden Road.

A credit facility across asset classes

According to Crypto.news, Ripple Prime will be able to draw on the Neuberger Berman facility depending on client demand for financing. The capital is intended to support trading across both traditional and digital markets, including equities, fixed income, foreign exchange and crypto assets.

Prime brokers provide large investors with financing, custody, clearing and trade support. For Ripple Prime, the facility expands the amount of margin it can offer to institutional clients trading across multiple asset classes through a single platform.

“The future of prime finance is supporting all major asset classes through a single structure and credit line,” Ripple Prime President Noel Kimmel said. The actual use of the credit line will depend on market conditions and client demand.

From Hidden Road to Ripple Prime

The financing follows Ripple’s $1.25 billion acquisition of Hidden Road, which closed in October 2025. After the deal, Ripple rebranded the multi-asset prime brokerage business as Ripple Prime.

Before becoming part of Ripple, Hidden Road already served institutional clients across digital assets, foreign exchange, derivatives and fixed income. The acquisition gave Ripple a larger role in institutional trading and helped move the company beyond its better-known payments and XRP-related businesses.

Ripple has since expanded its U.S. digital asset services. The company launched prime brokerage for institutional clients in the United States, including access to over-the-counter spot markets for XRP and RLUSD.

Ripple’s institutional bet

The Neuberger facility is more than a source of financing. It shows how Ripple is trying to build infrastructure where digital assets sit alongside traditional markets rather than operate as a separate trading silo.

Ripple already has businesses in custody, stablecoins, treasury services and wallet infrastructure. With Ripple Prime, the company is positioning itself to compete more directly with traditional prime brokers by offering institutions a unified structure for crypto and conventional assets.

The broader signal is clear: institutional crypto trading is moving closer to the architecture of Wall Street. Margin finance, credit lines, custody and clearing are becoming central to how large investors access digital assets.

Earlier, we reported that Ripple expands Treasury platform with access to SWIFT ecosystem.

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