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Ripple raises $275M to expand into prime brokerage and clearing

The funding is intended to support Ripple’s push into traditional financial services, including prime brokerage and multi-asset clearing.

Reported · Written up by our desk · Market Structure

Ripple has raised $275 million to back an expansion into traditional financial services, with the company pointing to strong institutional demand.

According to Cointelegraph, the new funding is meant to support Ripple’s buildout of US prime brokerage capabilities and multi-asset clearing.

Ripple said the effort is designed to meet institutional needs as it moves further into areas like prime brokerage and clearing, rather than limiting its activity to crypto-native services.

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