Ripple Gets Major Boost For Prime Brokerage Growth: $200M Debt Facility Announced

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 […]