Surge Primemulti-asset prime brokerage platform operated by blockchain solutions provider FluctuationClosed a $200 million debt facility arranged through funds managed by Neuberger Specialty Finance. The financing, announced on May 11, 2026, is designed to drive further expansion of the platform and meet growing demand from institutional clients seeking both traditional and advanced prime brokerage and margin financing options. digital asset markets.
to agree It comes at a pivotal moment for Ripple Prime. Following its acquisition by Ripple in 2025, the platform experienced explosive growth, with its revenue tripling on an annual basis.
This increase reflects broader market trends, including increased activity by traditional financial participants entering digital assets and the growing need for trusted partners who can provide scalable access to capital.
Corporate players in this developing process markets Strong balance sheet support and reliable funding lines are needed to manage volatility and capture opportunities efficiently.
Noel KimmelRipple Prime President emphasized the strategic importance of the regulation.
He stated that stable financing and strong capital resources have become indispensable for institutions operating in rapidly changing environments.
The new facility will allow Ripple Prime to scale with its customer base, offering higher margin availability, faster response times and better overall capital efficiency.
Kimmel highlighted Neuberger Specialty Finance’s expertise in asset-based finance lending and its alignment with Ripple Prime’s distinctive business approach underscores the platform’s proven strengths and significant expansion prospects ahead.
Under the terms of the facility, Ripple Prime receives flexible access to withdraw funds up to the full $200 million commitment.
Management plans to deploy capital primarily for expansion financing Solutions for clients active in trading both traditional securities and digital assets.
This increased lending power will strengthen the company’s capacity to onboard additional corporate partners, deepen relationships with existing corporate partners and provide ongoing support to its corporate partners. trade volumes and financing requirements continue to increase.
Peter SterlingNeuberger Specialty Finance, which heads Neuberger Specialty Finance, described the transaction as a natural fit with his firm’s strategy of supporting innovative market leaders.
Ripple praised Prime for combining cutting-edge fintech capabilities with enterprise-level features compatibility and operational standards.
He added that the partnership demonstrates confidence in the platform’s position at the intersection of heritage. finance and growing digital ecosystems.
Sterling credited the deal team he led. Jay BergerTo structure a custom solution that will position both organizations for sustainable success.
FluctuationFounded in 2012, it provides enterprise-grade blockchain technology that powers global payments, custody services, liquidity management and treasury operations.
Its offerings integrate: stablecoin RLUSD and native cryptocurrency XRP to facilitate efficient value transfer and storage. Neuberger Private Markets, the main division that oversees the Private Finance team, has been managing private markets investments since 1987.
As of December 31, 2025, it manages more than $155 billion in commitments on behalf of advanced global companies. investors across different strategies and regions. debt facility signs A major milestone in Ripple Prime’s evolution, strengthening its ability to deliver enterprise-level services while leveraging the convergence of traditional and enterprise services. digital finance.
