Ripple Prime raises $275M to grow US brokerage and financing operations

Ripple Prime, Ripple's non-bank prime brokerage, has secured $275 million through a private placement of senior unsecured notes to expand its US clearing, brokerage, and financing services. The funding will support working capital and general corporate purposes, helping Ripple Prime invest in its team and technology. The notes received a BBB investment grade rating, and institutional investors from major financial markets participated in the offering. This capital boost aims to strengthen Ripple Prime's presence and capabilities in the US financial market.