BlockBeats News, May 11th, according to Bloomberg, Ripple's main brokerage division has secured a maximum of $2 billion in asset-backed debt financing from Neuberger Berman to expand its offering of margin financing services to institutional investors.

The financing, provided by Neuberger Berman's Special Situations Group, will allow Ripple to draw down up to $2 billion in funds in stages based on institutional clients' borrowing demands in the equity, fixed income, and crypto markets.