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      Ripple Secures $275 Million in Private Placement for U.S. Expansion

      Ripple Prime has successfully closed a $275 million private placement of senior unsecured notes, aimed at funding its expansion in the U.S. The deal, finalized on August 18, received an investment-grade BBB rating from KBRA, indicating strong institutional interest in crypto-adjacent financial infrastructure.

      The capital raised will support working capital and enhance Ripple Prime's U.S. operations, which include multi-asset clearing, financing, and prime brokerage services. This follows the launch of Ripple Prime's digital asset spot prime brokerage capabilities in November 2025, marking the company's entry into Wall Street-style services for digital assets.

      The recent funding round was upsized due to high investor demand, reflecting confidence in Ripple Prime's business model. This follows a $200 million asset-backed debt facility secured in May 2026, bringing the total debt financing to $475 million within a three-month period. The investment-grade rating positions Ripple Prime competitively against other corporate issuers, allowing it to attract institutional clients more effectively.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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