Ripple Prime Lands $200M Credit Line from Neuberger Berman

Ripple Prime, the institutional brokerage arm of Ripple, has made significant strides in expanding its reach into the institutional market.

The company has partnered with asset manager Neuberger Berman to secure a $200 million credit line. This facility will enable hedge funds and institutional traders to access margin loans, leveraging traditional assets as collateral for crypto positions.

This development marks an important step in bridging the gap between traditional and digital markets, allowing institutions to participate more easily in the cryptocurrency space.