Ripple Secures $200 Million in Funding from Neuberger Berman for Prime Brokerage Business

According to Bloomberg, Ripple’s prime brokerage division secured up to $200 million in asset-backed debt financing through Neuberger Berman’s specialized financial team. The funds will be used to expand margin capacity for institutional investors across multi-market trading—including equities, fixed income, and cryptocurrencies—with the actual available credit line dynamically adjusted based on institutional clients’ borrowing needs.