- Ripple has raised $200 million in debt financing from global investor Neuberger Berman to expand its margin products on Ripple Prime.
- The firm now ranks among OpenAI, Anthropic, SpaceX and Databricks on the list of the world’s most valuable startups at $26 billion.
Ripple has raised $200 million in debt facilities to expand its multi-asset prime brokerage platform, Ripple Prime.
Announcing the funding, Ripple stated that it comes at a time when its platform has recorded a surge in demand from clients for institutional-grade prime services and margin financing solutions.
The funds were raised from funds managed by Neuberger Berman, a New York-based investment management firm with over $550 billion in assets under management.
Dependable access to financing is critical to institutional participants in today’s dynamic markets, and Ripple Prime’s ability to meet this need just got that much stronger.
We're proud to partner with Neuberger on a $200M debt facility to meet rising client demand for our…
— Ripple (@Ripple) May 11, 2026
Ripple Prime is the California company’s prime brokerage arm, founded after it acquired Hidden Road last year for $1.25 billion, as we reported at the time. It targets institutional clients like hedge funds and asset managers who want a platform to trade assets across crypto and traditional finance. The company claims to have processed over $3 trillion and tripled revenue in the past year.
With the financing, the company can draw a maximum of $200 million to serve its clients’ needs. This includes providing financing for these clients and expanding the margins they require.
Commenting on the financing, Neuberger’s Peter Sterling lauded Ripple Prime as “an innovative brokerage platform combining fintech-grade technology and agility with bank-level compliance and operational rigor.”
Ripple Prime President, Noel Kimmel, added:
“Dependable access to financing and balance sheet strength are critical to institutional participants in today’s dynamic markets. This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency.”
Ripple Cements Unicorn Status, But XRP Struggling
The latest funding round cements Ripple’s rising status as one of the world’s most attractive startups for investors. The company first emerged as a unicorn (a startup whose valuation exceeds $1 billion) when it raised $200 million years ago. Despite the market’s volatility and XRP’s lackluster movements in recent months, the company’s unicorn status has remained unchanged.
Ripple is now the sixth-largest unicorn in the US with a $26 billion valuation, the latest data from Prime Unicorn Index shows.
Ripple is now being ranked alongside giants like OpenAI, SpaceX, and stripe in the Prime Unicorn Index. Being the only blockchain-based payments infrastructure in the top 10 speaks volumes about the institutional shift we are seeing in 2026. This is enterprise utility in action. pic.twitter.com/gftbtKu0Tz
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) May 7, 2026
As one market observer notes, “being the only blockchain-based payments infrastructure in the top 10 speaks volumes about the institutional shift we are seeing in 2026. This is enterprise utility in action.”
But while Ripple shines, XRP has failed to catch up. The token trades at $1.48, gaining 3.44% over the past day. It has continued to be rejected at the $1.50 level, with a rally on Sunday losing momentum shortly after surpassing this resistance.
This disconnect has long been questioned. Some have accused Ripple of focusing on institutional users at the expense of retail XRP investors. However, as we reported, CEO Brad Garlinghouse recently dismissed the accusations, saying the company stands to gain the most from the rise of XRP.
