$567B Asset Manager Backs Ripple with $200M Debt Facility

Neuberger Berman, one of the oldest money managers on Wall Street, has made a significant investment in Ripple by providing a $200M debt facility.

This move marks a major milestone in the institutionalization of cryptocurrency, as a traditional financial institution is legitimizing crypto margin trading at scale.

The debt facility will enable Ripple to expand its client trading services across equities, fixed income, and crypto under one unified financial rail.