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Ripple secures $200 million financing limit from Neuberger Berman
Golden Finance reported that on May 11, Ripple’s principal brokerage business unit has obtained a maximum $200 million in asset-backed debt financing from Neuberger Berman to expand the guaranteed financing services it provides to institutional investors. The report said that the financing is provided by Neuberger Berman’s dedicated financial division, and Ripple may draw down up to $200 million in phases based on institutional clients’ borrowing needs in the stock, fixed income, and crypto markets.