Ripple Prime aims to be Web3 version of Goldman Sachs... Secures $200 million in funding

▲ XRP

Ripple has secured a $200 million credit facility for its institutional brokerage division, Ripple Prime. This funding is not an equity investment in Ripple itself, but rather operating capital to provide margin financing to institutional clients.

U.Today reported on May 11 (local time) that Ripple secured a $200 million credit facility from Neuberger Specialty Finance, an affiliate of Neuberger, an investment management firm with $600 billion in assets under management. U.Today assessed that the lines between traditional Wall Street financial infrastructure and the digital asset ecosystem continue to blur.

This credit facility serves as working capital for Ripple Prime. Ripple Prime is Ripple's institutional brokerage arm, aiming to be a multi-asset prime broker offering trade execution, custody, and margin financing. U.Today explained that Ripple Prime is attempting to play a role similar to Goldman Sachs in the Web3 era.

According to Ripple, Ripple Prime's revenue tripled year-over-year since the platform acquisition in 2025. For institutional traders, sufficient liquidity and a strong balance sheet are essential for a prime broker, as they need to borrow funds immediately to execute large-scale trades when arbitrage opportunities arise.

U.Today explained that the $200 million provided by Neuberger acts as a wholesale capital reservoir for Ripple Prime. The structure is such that Neuberger lends funds to Ripple, and Ripple Prime then provides these funds to institutional clients in the form of margin financing, earning interest premiums and transaction fees.

Noel Kimmel, President of Ripple Prime, stated that stable access to funding and balance sheet capabilities are crucial for institutional participants in a dynamic market. He emphasized that this credit facility will directly lead to an expansion of clients' margin capacity.

U.Today noted that it is remarkable that a large traditional asset management firm like Neuberger provided a $200 million credit line to a crypto-centric prime broker. This was interpreted as a sign that traditional financial institutions' risk appetite is changing, and large capital providers are beginning to participate more comfortably in the cryptocurrency market, which previously suffered from fragmentation and lack of trust.

This deal is significant as it broadens Ripple Prime's foundation to handle larger trades and leverage demands from institutional clients. Ripple Prime's securing of a credit facility is presented as an example of the digital asset market moving away from its past unstable image and being restructured into a form more similar to traditional finance.

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