RWA

Ripple raises $275M for US prime brokerage to meet institutional demand

CoinTelegraph1h agoUpdated 10m ago
Ripple raises $275M for US prime brokerage to meet institutional demand
Smart Read

Ripple said the $275 million raised will support its expansion into traditional financial services such as prime brokerage and multi-asset clearing, citing strong demand from institutions.

Coins in this story

XRP
₹1.01
+1.30%

Discussion

Related stories

CryptoSlate

Ripple just scored two major institutional wins but XRP traders are bracing for a bigger move

On Aug. 18, Ripple deepened its push into traditional finance, securing a South Korean banking deal as its prime brokerage raised $275 million. The crypto payment company revealed that South Korea's Jeonbuk Bank became the country's first regional lender to deploy Ripple Payments for cross-border business transfers…

CoinTelegraph

US accounting board FASB proposes conditions for stablecoins as cash equivalents

The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves.

Decrypt

Alleged $165M Crypto Ponzi Mastermind Deported From Fiji to US

Edward Zimbardi allegedly lured thousands of investors into "The Crypto Program" with promises of 25% monthly returns before fleeing to Fiji.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.