"Ripple Prime, Ripple's institutional brokerage arm, announced a $200 million credit line. The money comes from Neuberger Berman, a $570 billion asset manager. Ripple's brokerage arm will use the money to extend margin loans to hedge funds and institutional traders, not buy XRP."
"Clients can post Treasuries as collateral against their crypto positions, all under one credit line. That's cross-collateralization, and it's the deal's structural edge. It means clients don't need separate accounts or separate collateral for traditional assets and crypto-one position can back the other."
"Ripple Prime president, Noel Kimmel, calls the offering "one structure, one credit line, across the major asset classes." Most 2026 crypto lending facilities use purely digital collateral, but this one is the first to bridge traditional and digital markets at scale."
"Ripple Prime got a BBB investment-grade rating from Kroll-the first crypto prime broker to earn one. That rating opens the door for pension funds, insurance companies, and regulated banks-institutions managing trillions in capital that legally can only do business with investment-grade partners."
Ripple Prime announced a $200 million credit line from Neuberger Berman to extend margin loans to hedge funds and institutional traders. The facility is designed around cross-collateralization, allowing clients to post Treasuries as collateral against crypto positions under a single credit line. This structure removes the need for separate accounts or separate collateral across traditional and digital assets. XRP showed only a modest price reaction to the announcement, rising briefly and then retracing. A potential catalyst for a larger move is the Senate Banking Committee markup of the CLARITY Act scheduled for Thursday. Ripple Prime also received a BBB investment-grade rating from Kroll, enabling access for pension funds, insurance companies, and regulated banks.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]