Published Aug 18, 2026, 11:06 AM ET · Updated 3 months ago · 2 sources
THE BLOCK: Ripple has closed an upsized $275 million private placement of senior unsecured notes issued by Ripple Prime, its non-bank prime brokerage, to fund working capital and expansion of its U.S. business. The offering received a BBB investment-grade rating from KBRA as Ripple Prime looks to expand its multi-asset clearing, financing, and prime brokerage services. ripple:native
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Original Report
THE BLOCK: Ripple has closed an upsized $275 million private placement of senior unsecured notes issued by Ripple Prime, its non-bank prime brokerage, to fund working capital and expansion of its U.S. business. The offering received a BBB investment-grade rating from KBRA as Ripple Prime looks to expand its multi-asset clearing, financing, and prime brokerage services. ripple:native