Ripple receives $200M credit line to expand institutional prime brokerage

60-second summary
Ripple receives a $200M credit line from Neuberger Berman to expand its institutional prime brokerage services, increasing Ripple Prime's capacity to offer margin lending and other brokerage services to institutional clients trading across crypto and traditional markets, further solidifying its position in the institutional crypto market and potentially driving more institutional adoption.
Financing from Neuberger Berman will increase Ripple Prime’s capacity to offer margin lending and other brokerage services to institutional clients trading across crypto and traditional markets.