Ripple Raises $275 Million in Senior Notes for Prime Brokerage Push

Ripple Raises $275 Million for US Prime Brokerage Expansion

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.

Ripple raises $275 million in senior notes for prime brokerage push

Ripple Prime Secures $275M Funding Boost to Power Its Expanding U.S. Crypto Business

Key Takeaways: Ripple Prime issued a $275 million, senior notes issue to fund operations in the U.S. business. The unsecured notes were rated investment grade by KBRA. New capital is used for working capital, institutional crypto, and tech. User Score8.7 Follow us on Google News Ripple is also expanding its institutional digital-asset business with funds from Ripple Prime, its non-bank prime brokerage. The $275 million private placement provide…

Ripple Prime Closes $275m Senior Notes Offering

Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, announced the successful closing of an upsized $275 million private placement of senior unsecured notes issued by Ripple Prime, its non-bank prime brokerage, to support its ongoing and expanding U.S. business. The notes offering attracted a diverse base of institutional investors in key financial markets. Proceeds from the offering will …

CoinStats - Ripple Prime Secures $275M in Investment-Grad...

In Brief: Ripple Prime raised $275 million through senior unsecured notes, providing additional capital to support its expanding United States brokerage business operations. KBRA assigned the notes a BBB investment-grade rating, while Piper Sandler served as lead placement agent for the private transaction. Proceeds will support working capital, technology, staffing, and institutional services spanning multi-asset clearing, prime brokerage, and…