Ripple secures $200M financing facility from Neuberger Berman to expand Ripple Prime

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 demand for institutional-grade prime services […]

Ripple CTO Emeritus David Schwartz joined the XRP Ledger Foundation as an honorary board member, adding technical guidance from one of the ledger’s original architects. The role comes as the Foundation expands leadership across engineering, operations, and community work. XRP Ledger Foundation Adds Schwartz to Honorary Board Role The XRP Ledger Foundation announced on X […]

The post XRP News: Ripple’s David Schwartz Joins XRP Ledger Foundation As Board Member appeared on BitcoinEthereumNews.com. In XRP news today, David Schwartz joined the XRP Ledger Foundation’s Honorary Board Members. It offers the group an opportunity to work with one of the most well-known names in the crypto world. XRP News: Ripple CTO Emeritus Enters XRP Ledger Foundation The foundation announced the appointment via its official X post and cited Schwartz’s years-long participation in the development of the XRP Ledger. “We’re honored to welcome David Schwartz (@JoelKatz) as an Honorary Board Member of the XRP Ledger Foundation.” the organization said. The non-profit organization also spotlighted Schwartz’ technical expertise. They noted that his previous work with the blockchain network would benefit in providing better oversight and future development efforts. “As one of the original architects of the XRP Ledger, David brings deep technical insight and a long-term perspective that w

Ripple Prime's $200M facility could boost institutional crypto adoption, but it also introduces financial obligations and concentration risks. The post Ripple Prime secures $200M debt facility from Neuberger Specialty Finance to supercharge institutional lending appeared first on Crypto Briefing.

Financing from Neuberger Berman will increase Ripple Prime’s capacity to offer margin lending and other brokerage services to institutional clients trading across crypto and traditional markets.

Ripple secures a $200M Neuberger Berman credit facility to expand Ripple Prime services and institutional margin financing. Ripple has secured access to a $200 million credit facility from Neuberger Berman.  The facility is designed to support Ripple Prime, which offers institutional prime services and margin financing. The move shows Ripple’s continued push into financing, liquidity, […] The post Ripple Secures $200M Credit Facility to Expand Prime Financing Reach appeared first on Live Bitcoin News.

Funds managed by Neuberger Specialty Finance committed the facility to grow margin financing for the multi-asset prime broker.

Ripple Prime's strategic expansion could accelerate institutional adoption of integrated digital asset trading, reshaping financial markets. The post Ripple Prime secures $200M debt facility from Neuberger Berman to expand crypto margin trading appeared first on Crypto Briefing.