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 Locks In $200 Million Neuberger Berman Credit Line as XRP Stalls at $1.46 Resistance – CryptoGazette

Ripple’s institutional brokerage arm has secured a $200 million revolving credit facility from Neuberger Berman, the investment management firm with roughly $500 billion in assets under management. The deal gives Ripple Prime the firepower to expand margin financing services across both traditional and digital asset trading markets. The announcement arrived on Tuesday as XRP was trading near $1.46, briefly pushing as high as $1.49 on raised volu…

Ripple Prime Raises $200 Million Debt Facility

Ripple Prime, Ripple’s multi asset prime brokerage platform, secured a $200 million asset backed debt facility from funds managed by Neuberger Specialty Finance (part of Neuberger Berman). This is a revolving credit line that Ripple Prime can draw down up to the full $200 million amount flexibly, based on evolving client demand. Proceeds fund expanded lending and margin financing to institutional clients trading across traditional assets (equiti…

What next for XRP as related firm Ripple grabs $200 million funding - Technology Shout

XRP continues to approach the same resistance area that it has refused to rebound since February, but its trading pattern is starting to change. Prices no longer sell off immediately after hitting this range. Instead, XRP held near its highs, which is often more significant than the initial breakout itself. news background • Ripple Prime secured a $200 million financing line from Neuberger Berman to expand margin financing in traditional and dig…

Ripple Gets Major Boost For Prime Brokerage Growth: $200M Debt Facility Announced - Invest In Crypto News

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On Monday, Ripple announced that it had secured a $200 million debt facility from Neuberger Specialty Finance, an asset-based investment company dedicated to providing high-yield credit.  The company said the financing is intended to support continued expansion of its multi-asset prime brokerage platform, Ripple Prime, as it sees “rising client de…