Ripple Prime Secures $275 Million Debt Offering to Fuel Growth

Ripple Prime, the prime brokerage arm of Ripple, has closed an upsized $275 million private placement of senior unsecured notes. The notes mature in 2031 and pay an 8.25% coupon, and KBRA rated them BBB, making them investment grade.

The funds will be used for working capital and general corporate purposes within a regulated entity, which includes expanding US clearing, prime brokerage, and financing, as well as hiring and technology investments.

Ripple Prime has already tripled its revenue year-over-year since Ripple acquired it in October 2025, turned profitable during 2025, and doubled client collateral. However, the firm still pays 3 percentage points above average BBB borrowers.