Ripple completes $275 million private bond financing to expand its US business
--
Ripple has completed a $275 million private placement of senior unsecured notes, which will be issued by Ripple Prime. The funds will be used for working capital and US business expansion, and the issuance will receive a BBB investment grade rating from KBRA. Ripple Prime plans to expand its multi asset clearing, financing, and prime brokerage services.