Altcoins News
By Julie Binoche
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The Hidden Road Deal and Ripple Prime's Origins. Ripple Prime didn't come out of nowhere. It's basically the rebranded version of Hidden Road, a…
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Neuberger Berman Credit Line and the RLUSD Stablecoin Push. Back in May, Ripple locked in a $200 million credit facility from funds managed by Neuberger Berman.
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What Ripple Is Actually Building. Step back and the picture is kind of ambitious. Ripple is trying to build a full-stack…
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Ripple just pulled in $275 million. The company closed a senior note offering to fund its push into traditional financial services — prime brokerage, financing, multi-asset…
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The notes were issued as senior unsecured paper through a private placement. The issuer wasn't Ripple the parent company directly — it was Ripple Prime, the non-bank prime…
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Ripple Prime didn't come out of nowhere. It's basically the rebranded version of Hidden Road, a prime brokerage firm Ripple acquired last year in a deal worth roughly $1.
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The $275 million raised through the senior notes feeds directly into that scaling effort. Prime brokerage services for institutional clients — think custody, financing, clearing…
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Read also: Ripple CEO Brad Garlinghouse Signals Openness to IPO After SEC Lawsuit Resolution
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Then in July, Ripple launched Ripple Mint. The platform lets institutions access, mint, redeem, and manage RLUSD — Ripple's US dollar-pegged stablecoin.
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Ripple Mint is basically the plumbing for RLUSD on the institutional side. If you're a fund or a bank or a trading desk and you want to move in and out of RLUSD at scale, Ripple…
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Whether it all works in practice is a different question. Unclear yet how many institutional clients are actively using Ripple Prime's services, or what the revenue picture looks…
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Step back and the picture is kind of ambitious. Ripple is trying to build a full-stack institutional financial services firm — prime brokerage, lending, clearing, stablecoin…
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The Hidden Road acquisition gave it the institutional credibility and infrastructure. The Neuberger Berman credit facility gave it lending firepower.
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More context: Patrick Witt Optimistic as Clarity Act Moves Toward Crucial First Vote
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Kimmel's point about bridging traditional and digital financial infrastructure isn't just marketing language — it's probably the actual thesis.
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