Ripple Prime secures $200M loan from Neuberger Berman to expand margin trading

Ripple's institutional prime brokerage platform, Ripple Prime, has secured a $200 million loan commitment from U.S. asset manager Neuberger Berman to expand its margin trading services for both traditional and crypto assets, Bloomberg reported. The agreement will allow Ripple Prime's institutional clients to access up to $200 million to build positions in stocks, bonds, and cryptocurrencies.