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Ripple raises $275M for US prime brokerage to meet institutional demand
Ripple raised $275 million to support its expansion into traditional financial services such as prime brokerage and multi-asset clearing. This funding initiative aims to meet strong demand from institutions within the US market.
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Adjacent reporting
- Ripple raises $275 million in senior notes for prime brokerage push
- Ripple raises $200 million from Neuberger Berman to expand its Ripple Prime platform
- Ripple receives $200M credit line to expand institutional prime brokerage
- Ripple Lands $200 Million Financing Facility to Expand Institutional Crypto Brokerage
- Neuberger backs Ripple Prime with $200 million debt line for margin lending expansion: Bloomberg