Ripple2026-08-24 11:21:13Ripple Prime closes $275 million private placement of senior unsecured notesRipple Prime has completed a private placement of senior unsecured notes that was upsized to $275 million, with Piper Sandler serving as lead placement agent. Credit rating agency KBRA assigned a BBB rating to Ripple Prime’s intermediate holding company and said the rating reflects expected support from parent company Ripple. KBRA also highlighted Ripple’s XRP reserves as a source of substantial unrecognized value on the balance sheet, describing the position as a qualitative credit positive. At the same time, the report said the notes are not backed by any written pledge of escrowed XRP and do not carry any explicit XRP-related collateral. The issuance comes as Ripple steps up its institutional finance push after acquiring Hidden Road and renaming it Ripple Prime. According to KBRA’s analysis, Ripple has injected about $500 million into the brokerage business following that transaction.460
Ripple2026-08-19 21:18:05Ripple raises $275 million through Ripple Prime to expand U.S. prime brokerage operationsRipple 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.1180
Ripple Prime2026-07-21 08:50:26Ripple Prime secures $200 million debt financing as it builds blockchain-based market infrastructureRipple Prime said it is building what it describes as a blockchain-based “Wall Street 2.0” infrastructure as trading shifts toward a 24/7 model. Michael Higgins, the company’s international chief executive officer, said the firm uses its acquisition of Hidden Road and the RLUSD stablecoin to offer around-the-clock collateral management for institutional clients. The company added that revenue has tripled year over year since its October acquisition of Hidden Road. It also recently secured $200 million in debt financing, which it said will be used to expand its institutional margin financing capacity. Ripple Prime said its technology stack can connect digital asset platforms, foreign exchange liquidity pools, and traditional exchanges through a unified setup, which it described as more adaptable than the model used by traditional investment banks. The update was carried by Techub News and attributed to U.Today.1290
