Ripple, a blockchain-based enterprise solutions provider spanning traditional and digital finance, has raised a $200 million debt facility from Neuberger Specialty Finance, expanding SPECIALTY FINANCE by supporting its multi-asset prime brokerage platform across traditional and digital markets. Since Ripple acquired the business formerly known as Hidden Road, the platform that is now operating as Ripple Prime has reportedly tripled revenue year over year as demand for institutional margin financing has increased. The facility helps Ripple Prime offer unified credit across crypto, equities, and fixed income, positioning it between traditional prime brokerage and digital-asset finance.

Ripple Prime Secures $200M Debt Facility for Growth