Ripple Prime reportedly secures $200M asset-backed debt financing from Neuberger Berman.

Ripple Prime, Ripple's institutional brokerage unit formed after acquiring Hidden Road, is reported to have secured $200 million in asset-backed debt financing from Neuberger Berman, a major institutional asset manager. This financing, if confirmed, would provide Ripple Prime with significant capital without diluting ownership, using assets as collateral. No official confirmation or details on terms have been released yet. The deal signals growing institutional confidence in crypto prime brokerage amid regulatory clarity and expansion in digital asset markets.