fintech / news / / CoinGape
Ripple has received another $200 million financing round led by Neuberger Berman.
Ripple received a $200 million financing round led by Neuberger Berman for Ripple Prime.
KEY POINTS
- Neuberger Berman arranged this fundraise through its specialty-finance division, as per Ripple's announcement.
- The funds will serve as an asset-backed debt facility to support institutional clients' borrowing needs.
- Ripple Prime will enhance margin capacity for clients trading equities, fixed income, and digital assets.
COMPANIES
Summarized by Newsio from CoinGape. How we summarize →