1d ago
Ripple Prime secures $200M Neuberger Berman debt facility for margin trading
Ripple's prime brokerage arm, Ripple Prime, has obtained a $200 million asset-backed debt facility from Neuberger Berman to expand margin trading for institutional clients. The credit line is designed to fund leveraged exposure across equities, fixed income, and crypto, and will be drawn in tranches based on client borrowing demand. The move follows Ripple's earlier 2026 acquisition of Hidden Road for $1.25 billion, positioning the unit to compete more directly with traditional prime brokers.
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1d ago
5-8
CLARITY Act Stablecoin Fight Intensifies as Bank Groups Push Back on Section 404
Five major U.S. banking trade associations are urging lawmakers to reject the CLARITY Act's stablecoin compromise as the Senate prepares a committee markup for the week of May 11 and aims to send the bill to President Trump before July 4. The groups argue Section 404 still allows exchanges to provide rewards tied to tenure, balances, or holding periods, and cite estimates including a potential 20% hit to lending capacity and a $300 billion deposit flight risk by 2028.
BTC
BTC-1.00%
5-8