Ripple Prime Completes $275 Million Senior Unsecured Notes Private Placement

TechFlow reports, August 18, Ripple's non-bank prime brokerage business, Ripple Prime, has completed an upsized $275 million private placement of senior unsecured notes. The proceeds will be used for working capital and U.S. business expansion. The issuance received a BBB investment-grade rating from KBRA, and Ripple Prime plans to further expand multi-asset clearing, financing, and prime brokerage services.