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.
Source: [CoinTelegraph](https://cointelegraph.com/news/ripple-raises-275m-us-prime-brokerage?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)