Ripple Gets Major Boost For Prime Brokerage Growth: $200M Debt Facility Annou...
On Monday, Ripple announced that it had secured a $200 million debt facility from Neuberger Specialty Finance, an asset-based investment company dedicated to providing high-yield credit. The company said the financing is intended to support continued expansion of its multi-asset prime brokerage platform, Ripple Prime, as it sees “rising client demand for institutional-grade prime services […]
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Ripple has announced the completion of its acquisition of Hidden Road, officially rebranding the global non-bank prime broker as Ripple Prime. This is a historic moment for the company, as it makes the payment firm the first crypto-based company to own and operate a global, multi-asset prime brokerage platform. The acquisition is also a major […]
Ripple Prime is pitching XRP not just as a traded asset, but as working collateral inside institutional market structure. In a March 17 interview with Jake Claver, international CEO Mike Higgins said Ripple’s acquisition of Hidden Road, now rebranded as Ripple Prime, is designed to bring prime brokerage, clearing, custody and treasury functions into a […]
Ripple has finished its $1.25 billion purchase of Hidden Road and rebranded the firm as Ripple Prime, company leaders confirmed. According to executive remarks, the deal makes Ripple the first crypto company to own and run a global, multi-asset prime broker. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions Ripple President Monica Long said on X that the “future ahead is mighty bright,” and reports show the company is already moving to use XRP in new ways inside the prime brokerage business. Ripple Completes Hidden Road Deal Based on reports, Ripple Prime....
Targeting the growing appetite among US investors for new cryptocurrency solutions, blockchain payments company Ripple announced the launch of its digital asset spot prime brokerage capabilities for the American market on Monday morning. This new offering allows US-based institutional clients to execute over-the-counter (OTC) spot transactions across a wide range of digital assets—including XRP and […]
On Friday, Ripple Labs announced the launch of “Prime Time,” following its acquisition of Hidden Road. The company will now be rebranded as Ripple Prime. The company confirmed the completion of the acquisition, making Ripple Labs the first blockchain payment company to operate as a global, multi-asset prime broker. How Ripple Prime Is Expected To […]