Ripple Secures $200M Credit Facility to Scale Prime Brokerage Operations

Ripple Labs has secured a $200 million credit facility from funds managed by Neuberger Berman to accelerate the growth of its institutional prime brokerage business.

The financing will be used to expand Ripple Prime’s capabilities, particularly in margin lending and other financing solutions. These enhancements are aimed at better serving trading firms, hedge funds, and other institutional clients operating across both crypto and traditional financial markets.

Source: Ripple