AI · CryptoSlate
Ripple relies on locked XRP reserves to back a $275 million institutional credit line
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Ripple Prime closed an upsized $275 million private placement of senior unsecured notes, giving the non-bank prime broker a new pool of capital for its U.S. expansion.
Key facts
- The agency’s April rationale also pointed to nearly $5 billion of cash and more than 40 billion XRP at Ripple as of the third quarter of 2025
- As of June 30, 2026, Ripple reported holding 37,656,053,914 XRP, including 32.6 billion in on-ledger escrow
- XRP is +3.12% over the past 24 hours and currently sits at rank # 4 by market cap
- The up-to-$200 million facility Ripple Prime announced in May is separate from the new notes
Summary
01 Ripple Prime closed $275 million of senior unsecured notes for working capital and general corporate purposes. 02 KBRA’s BBB rating relies partly on expected support from parent Ripple, not disclosed XRP collateral. 03 Ripple reports 37.66 billion XRP, but escrow, sale limits, and market depth constrain support capacity. KBRA’s BBB assessment depends partly on the agency’s expectation that ultimate parent Ripple would support the brokerage if money could not move freely from the regulated operating company.