Ripple Prime Secures $200M Debt Facility to Fuel Institutional Lending

Ripple Prime has made a significant move in its expansion plans by securing a $200 million debt facility from Neuberger Specialty Finance. The facility is structured to allow flexible drawdown terms, meaning Ripple Prime can tap the capital as client demand dictates, improving liquidity across both crypto and traditional markets.

The growth of Ripple Prime's revenue has been impressive, tripling year-over-year. This rapid expansion has led to a significant increase in institutional appetite for crypto prime brokerage services, which has created a need for external financing to keep up with demand.