Ripple Raises $275 Million to Take On Goldman Sachs in Crypto-Friendly Markets
Ripple has successfully closed its first debt offering, raising $275 million through an upsized private placement of senior unsecured notes issued through its prime brokerage arm, Ripple Prime.
The notes mature in 2031 and pay an 8.25% coupon, earning them a KBRA rating of BBB, which makes them investment grade.
Ripple Prime plans to use the funds for working capital and general corporate purposes, expanding its US clearing, prime brokerage, and financing operations, as well as hiring and technology.
The company is already in a scaling phase, smaller than established broker-dealers and more concentrated than similarly rated peers. Its revenue has tripled year over year since Ripple acquired the business in 2025, turning profitable during that time.