Ripple Prime Achieves Investment-Grade Credit Rating
- Ripple Prime received a BBB investment-grade issuer rating from Kroll.
- The platform’s assets reached approximately $39 billion in growth by leveraging repo activity and derivatives clearing.
- Ripple Labs acquired Hidden Road for $1.3 billion, now operating as Ripple Prime.
- The firm operates a matched-principal model, focusing on clearing, financing, and collateral services without proprietary trading.
Ripple Prime’s investment-grade rating underscores its financial strength and expanding brokerage operations amid rising institutional demand. The acquisition of Hidden Road has been pivotal in driving asset growth and operational expansion.
With a robust capital position and strategic diversification efforts, Ripple Prime is positioned to meet the growing demand for trusted prime brokerage services, as evidenced by its $39 billion asset base. Source
