Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform

Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform

Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year., it acquired it for $1.25 billion.

Ripple Teams With Neuberger on New Debt Facility to Boost Margin

The prime-brokerage unit of Ripple got $200 million of fresh financing from Neuberger Berman to expand the margin it offers investors to trade in traditional and digital markets.

Ripple Prime Secures $200M Debt Facility to Expand Lending Capacity

Ripple Prime, the multi-asset prime brokerage platform owned by Ripple, has closed a $200 million debt facility from funds managed by Neuberger Specialty Finance, the company announced in a press release on Monday. The facility allows Ripple Prime to draw up to $200 million to extend financing to... Read the full story at The Defiant

Ripple Prime secures $200 million debt facility

Ripple Prime, Ripple Labs’ institutional prime brokerage platform, has secured a debt facility from Neuberger Specialty Finance, a unit of Neuberger Berman. On May 11, Ripple Prime secured a $200 million debt facility – a flexible access to capital over an extended period – from Neuberger Specialty Finance to support its growth, according to the announcement. Furthermore, the funds could fuel Ripple Prime’s growth as institutional demand for its…

XRP News: Ripple Prime Raises $200 Million From Neuberger to Scale Institutional Crypto Lending

Ripple has closed a $200 million debt facility from Neuberger Specialty Finance, the asset-based lending arm of global investment manager Neuberger. The

Ripple Prime secures $200M debt facility from Neuberger Berman to expand crypto margin trading

Ripple Prime's strategic expansion could accelerate institutional adoption of integrated digital asset trading, reshaping financial markets. The post Ripple Prime secures $200M debt facility from Neuberger Berman to expand crypto margin trading appeared first on Crypto Briefing.