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Ripple Prime secures $200m debt facility to fuel growth of its prime brokerage platform, supported by Neuberger Specialty Finance.
Amount Raised
$200 Million
Round Type
Funding Round
Investors
Description
Ripple Prime has secured a $200m debt facility to expand its institutional prime brokerage platform. The facility, provided by Neuberger Specialty Finance, will enhance its lending capacity and support the growing demand from institutional clients. Ripple Prime has seen significant growth since its acquisition and aims to continue its expansion across traditional and digital markets. This funding will allow Ripple Prime to better serve its clients with increased margin capacity and improved capital efficiency.
Fundz sees it the moment XRP raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
XRP raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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