Ripple announced Monday that it has secured a $200 million credit facility from Neuberger Berman. The financing will expand margin lending and brokerage services through its Ripple Prime platform for institutional clients.
Ripple Prime secured the $200 million funding facility from Neuberger Specialty Finance to expand margin financing for trading in traditional and digital asset markets. The crypto firm said the capital will support growing demand for its multi-asset prime brokerage platform.