Crypto payments company Ripple has secured a $200 million debt facility from Neuberger Specialty Finance to expand its institutional prime brokerage platform, the company announced Monday, as demand for professional-grade digital asset services continues to climb.

The financing, provided by funds managed by Neuberger Specialty Finance—the asset-based investment arm of global investment manager Neuberger—will be directed toward Ripple Prime, the company’s multi-asset prime brokerage service that launched from the company’s acquisition of Hidden Road in 2025.

The platform has grown rapidly since the acquisition, tripling its revenue year over year, driven by increasing participation from institutional investors across…