[Ripple Completes $275 Million Private Bond Financing, Secures Investment-Grade Rating to Expand U.S. Business] BlockBeats News, August 18: Ripple has completed the private issuance of senior unsecured notes, expanding the scale to $275 million. The notes were issued by its non-bank prime brokerage, Ripple Prime, with the proceeds to be used for working capital and U.S. business expansion. The issuance received a BBB investment-grade rating from KBRA. Ripple Prime plans to further expand multi-asset clearing, financing, and prime brokerage services. [Original Link]