Ripple Company Announces $275 Million Securities Raise: 'Completed!'

cryptonews.ruPublished on 2026-08-18Last updated on 2026-08-18

Abstract

Ripple has announced the completion of a $275 million private bond issuance through its non-bank prime brokerage subsidiary, Ripple Prime. The funds will be used to strengthen the company's working capital and expand its operations in the United States. Due to high investor demand, the issuance of unsecured bonds exceeded its initially planned size, with participation from institutional investors across major financial markets. The bond offering also received an investment-grade credit rating of BBB from KBRA. With this new capital, Ripple Prime plans to further expand its services in multi-asset swap trading, financing, and brokerage. The company's president, Noel Kimmel, stated that the strong demand reflects confidence in Ripple Prime's business model and long-term growth strategy. The financing provides an additional capital source to invest in team and technology, aiming to accelerate growth at the intersection of traditional finance and digital asset infrastructure and solidify its position as a leading global non-bank prime broker.

The company Ripple announced the completion of a $275 million private bond issuance through its non-bank prime broker subsidiary, Ripple Prime. The company plans to use the raised funds to strengthen its working capital and expand its operations in the United States.

Ripple Prime announced an increase in the initially planned size of the unsecured bond offering due to high investor demand. Institutional investors from various major financial markets participated in the bond offering.

The bond offering also received an investment-grade credit rating of BBB from the rating agency KBRA. With this new funding, Ripple Prime plans to further expand its services for trading swaps on various assets, financing, and brokerage services.

Ripple Prime President Noel Kimmel stated that the high demand for the bond offering demonstrates investor confidence in the company's current business model and long-term growth strategy.

Kimmel said that with the completion of the funding, Ripple Prime has gained an additional capital source that will be used to invest in team and technology. The company aims to accelerate its growth at the intersection of traditional finance and digital asset infrastructure and solidify its position as one of the world's largest non-bank prime brokers.

*This is not investment advice.

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Related Questions

QWhat is the total amount of private notes that Ripple has completed issuing through Ripple Prime?

ARipple has completed the issuance of private notes totaling 275 million dollars through its non-bank prime broker subsidiary, Ripple Prime.

QWhat is the primary purpose of the funds raised from the private notes issuance?

AThe funds raised are planned to be used to strengthen working capital and expand Ripple's operations in the United States.

QWhich credit rating agency assigned an investment-grade rating to the bond issuance, and what was the specific rating?

AThe rating agency KBRA assigned an investment-grade credit rating of BBB to the bond issuance.

QWhat did Ripple Prime's President, Noel Kimmel, cite as an indicator of confidence in the company?

ANoel Kimmel stated that the high demand for the bond issuance is an indicator of investor confidence in Ripple Prime's current business model and long-term growth strategy.

QOn what core areas will Ripple Prime focus the newly acquired capital to accelerate its growth?

ARipple Prime plans to focus the new capital on investing in team and technology to accelerate its growth at the intersection of traditional finance and digital asset infrastructure, aiming to solidify its position as a leading global non-bank prime broker.

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