| Mobile Web

Search results for Hidden Road

Crypto

Ripple Prime raises $275 million; XRP reserves key credit factor

Ripple’s institutional finance unit Ripple Prime raised $275 million by issuing senior unsecured notes to fund U.S. business expansion. The notes’ credit quality is seen as still relying heavily on parent Ripple’s ability to provide financial support and its XRP holdings. KBRA assigned a BBB rating with a stable outlook and cited Ripple’s potential support if cash movement from the operating unit is constrained. Public materials do not confirm a parent guarantee or XRP collateral.

Crypto

XRP whales accumulate 642 million near $1 on hopes for U.S. SEC easing

Large XRP holders accumulated more than 642 million XRP near the psychological support level of $1 as the U.S. Securities and Exchange Commission proposed measures to ease token fundraising rules. XRP traded around $1.0052 as broader crypto markets stabilised after last week’s drop. Big wallets increased holdings through additional purchases in early and mid-August, while large-value XRPL transactions surged. Ripple also raised funds via a private bond sale and reported diverging RLUSD burn trends across chains.

Crypto

Ripple Prime revenue triples after Hidden Road acquisition, eyes \'Wall Street 2.0\'

Ripple Prime is speeding up its push into digital-asset prime brokerage for institutional investors, positioning itself as a leader of what it calls “Wall Street 2.0”. It says growth accelerated after Ripple bought prime brokerage firm Hidden Road for $1.25 billion in October 2025, and that Ripple Prime revenue rose threefold year on year. It is also expanding liquidity capacity and promoting 24-hour collateral management using RLUSD.