Ripple Prime secures $200M debt facility as XRP targets institutional collateral role

Ripple Prime, the prime brokerage arm of Ripple, obtained a $200 million debt facility from New York‑based investment manager Neuberger Berman to broaden its margin‑financing and multi‑asset services. The financing comes as the platform reports a surge in demand from hedge funds and asset managers, having processed over $3 trillion and tripled its revenue in the past year. Ripple Prime’s valuation now sits at about $26 billion, placing it among the world’s largest unicorns.

Ripple Prime CEO Mike Higgins said that XRP is expected to sit alongside Bitcoin, Ethereum and Solana as collateral in emerging tokenized margin and settlement systems, describing the move as the “next step” for institutional finance. If accepted as high‑grade collateral, institutions could post XRP without converting it to cash, unlocking liquidity while maintaining market exposure. Despite the institutional push, XRP has remained stuck near $1.48 and has struggled to break the $1.50 resistance level.

The funding and strategic positioning signal a shift for XRP from a speculative token toward a functional piece of institutional liquidity infrastructure.