Ripple Prime raises $200 million to expand institutional margin trading

Techub News, according to crypto.news, Ripple's brokerage division Ripple Prime has secured a credit facility of up to $200 million from Neuberger Berman, aimed at expanding margin trading services for institutional investors, covering multiple markets including crypto assets, equities, fixed income, and foreign exchange.

The financing facility was arranged by Neuberger Berman's specialty finance team and allows funds to be drawn based on the borrowing needs of institutional clients. This move follows Ripple's $1.25 billion acquisition of Hidden Road and represents the latest step in expanding its institutional brokerage services, with the goal of supporting multi-asset class trading through a single credit structure.