PANews reported on May 11 that, according to Bloomberg, Ripple's prime brokerage business has partnered with asset management firm Neuberger Berman to secure up to $200 million in asset-backed debt financing to expand its margin trading capacity for institutional investors. Ripple can utilize this credit line in tranches based on its institutional clients' borrowing needs in markets such as equities, fixed income, and crypto assets to support its leveraged trading activities in both traditional and digital asset markets.