On the 18th, Ripple announced that its non-bank prime brokerage subsidiary, Ripple Prime, completed a private placement of unsecured senior bonds worth $275 million (equivalent to JPY 43.6 billion). The amount raised was higher than initially anticipated, and it will be used to support the expanding U.S. operations.
The private placement saw broad participation from institutional investors in major financial markets. The funds raised are intended for working capital in regulated entities and general corporate purposes, with capabilities to handle multi-asset...
