KBRA

Ripple Prime Upsizes Senior Notes to $275 Million, Lands BBB Investment-Grade Stamp

Ripple has successfully upsized its private placement of senior unsecured notes to $275 million through its non-bank prime brokerage arm, Ripple Prime. The notes have secured a BBB investment-grade rating from KBRA, marking a significant achievement for a crypto-adjacent firm. Proceeds will be used for working capital and to scale Ripple Prime's U.S. clearing, prime brokerage, and financing services.