The boundary between Crypto Valley and Wall Street just got a little blurrier. On May 11, 2026, Ripple Prime, the institutional brokerage arm of the blockchain payments giant, announced it has secured a financing facility of up to $200 million from Neuberger Berman. Arranged through Neuberger’s specialty finance group, the deal is designed to supercharge Ripple’s margin services, allowing institutional clients to leverage a single credit line across an increasingly diverse range of asset classes.
Single Credit Line for a Multi-Asset World
The new facility isn’t just about padding the balance sheet; it’s about structural efficiency. In the fragmented world of 2026 finance, institutions often have to manage separate silos for crypto, foreign exchange (FX), and traditional equities. Ripple Prime’s strategy, bolstered by this $200 million injection, is to collapse those silos into a single structure.
“The future of prime finance is supporting all major asset classes through a single structure and credit line,” said Noel Kimmel, President of Ripple Prime. This facility allows institutional traders to draw liquidity as needed, using Ripple’s infrastructure to trade not just Bitcoin and XRP, but also traditional fixed-income products and global currencies. This “cross-collateralization” is the holy grail for hedge funds looking to maximize capital efficiency without the headache of managing multiple prime-brokerage relationships.
The Hidden Road Legacy and the 2026 Expansion
The move is a direct evolution of Ripple’s $1.25 billion acquisition of Hidden Road, which closed in late 2025. By absorbing Hidden Road’s existing multi-asset capabilities and rebranding as Ripple Prime, the company essentially bought a seat at the big table. Since then, Ripple has been on a tear, launching digital asset spot brokerage for US clients and integrating with Bullish for regulated Bitcoin options.
The Neuberger Berman facility adds the necessary firepower to these earlier strategic moves. By providing a deep pool of credit, Ripple can now offer the kind of high-leverage margin services that institutional players demand when navigating volatile markets. Whether it’s trading the latest RLUSD stablecoin pair or hedging against FX fluctuations, Ripple Prime is positioning itself as the “Full Stack” financier for the digital age.
Institutional Rails: XRP, RLUSD, and Beyond
While the facility covers traditional assets, Ripple’s home court advantage remains its blockchain roots. In late 2025, Ripple launched over-the-counter (OTC) spot access for XRP and its native USD-pegged stablecoin RLUSD. The ability for a firm like Neuberger Berman to provide a credit facility to a crypto-native broker shows just how much “de-risking” has occurred in the eyes of traditional lenders over the past year.
As Ripple continues to swallow up infrastructure firms, most recently the custody and wallet provider Palisade, the company is no longer just a ledger company. It is morphing into a full-service investment bank for the blockchain era. With $200 million in fresh dry powder and a mandate to bridge the gap between traditional and digital markets, the question for 2026 isn’t whether Ripple can survive the regulators, but how much of Wall Street’s lunch it can eat.