Ripple just landed $275 million in senior notes to supercharge its U.S. institutional play, fueling expansion in clearing, prime brokerage, and financing—especially around XRP. This follows a May raise at a $40B valuation, with revenue for Ripple Prime tripling since acquiring Hidden Road in 2025. The new debt earned an investment-grade BBB rating, reinforcing investor confidence. Funds will go toward general corporate needs and working capital as Ripple Prime scales its institutional services, signaling a serious, strategic push to dominate the institutional crypto space.
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