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Ripple Prime Closes $275 Million Senior Notes Offering — Traditional Capital Accelerates Entry into Crypto Infrastructure

Ripple Prime, a non-bank broker-dealer of the Ripple Group, announced the closing of a private offering of $275 million in senior unsecured notes. The offering was oversubscribed, with institutional investors from various financial centers participating.

Notably, rating agency KBRA assigned the offering an investment-grade BBB rating. For the crypto industry, obtaining an investment-grade rating for debt instruments is a rare occurrence. Ripple Prime President Noelle Kimmel noted that this confirms market confidence in the business and its long-term strategy of merging traditional and digital financial infrastructure.

Where the Funds Will Go

The capital will be allocated to the operating needs and general corporate purposes of Ripple Prime’s US division. Priorities include expanding the team and upgrading the technology platform to meet growing demand for multi-asset clearing, brokerage services, and financing. Piper Sandler & Co. acted as the offering’s arranger.

The Bridge Between TradFi and Crypto Is Growing Wider

Founded in 2012, Ripple has long moved beyond cross-border payments—today, it is a platform combining global transfers, custody services, liquidity, and asset management. The RLUSD stablecoin and XRP are helping the company and its clients rethink the financial system. The successful offering of $275 million in investment-grade notes is another signal that institutional investors are increasingly viewing regulated crypto infrastructure as an asset class.

This material is for informational purposes only and does not constitute investment advice.