Ripple has completed a private placement of $275 million in senior unsecured notes through Ripple Prime, its non-bank prime brokerage unit, with proceeds earmarked for expanding financing, clearing, and brokerage services in the U.S. market. The offering drew participation from multiple institutional investors, according to Techub News. The raise adds to Ripple’s recent capital base following a $200 million credit facility secured in May from a fund managed by Neuberger Berman. It also comes after the company’s $1.25 billion acquisition of Hidden Road in October 2025, a deal Ripple used to build out its prime brokerage business. Hidden Road is currently handling roughly $3 trillion in annual clearing volume, based on the information cited in the report. The item cited crypto.news as the underlying source.
Ripple has completed a private placement of $275 million in senior unsecured notes through Ripple Prime, its non-bank prime brokerage division, according to Techub News. The company said the proceeds will be used to expand its financing, clearing, and brokerage operations in the U.S. market.
Multiple institutional investors took part in the fundraising round. The new issuance adds another layer of capital after Ripple secured a $200 million credit facility in May from a fund managed by Neuberger Berman.
Ripple had already moved deeper into prime brokerage with its $1.25 billion acquisition of Hidden Road, which closed in October 2025. The company used that transaction to establish its prime brokerage business. Hidden Road is currently processing about $3 trillion in annual clearing volume, according to the report, which cited crypto.news as the source.
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