KBRA Assigns Prestigious BBB Grade to Ripple Prime Following Massive $1.25 Billion Agreement
Credit rating agency KBRA (Kroll Bond Rating Agency) assigned a BBB rating to Ripple Prime on 02 April 2026. A BBB rating is an investment-grade score. It signals that an institution meets the financial standards required by banks and large asset managers. Ripple Prime operates as a prime broker — a firm that handles trading, lending, and settlement services for institutional clients.
Ripple acquired Hidden Road for $1.25 billionRipple Prime was formerly known as Hidden Road Partners. Ripple, the company behind the XRP digital asset, agreed to acquire Hidden Road in April 2025 for $1.25 billion. The deal closed in October 2025. Ripple's own press release described it as "one of the largest deals in the digital assets space." Hidden Road also secured a US broker-dealer licence in April 2025, days after the acquisition was announced.
"This deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.", 17 April 2025. — Brad Garlinghouse, CEO, Ripple
Ripple injected $500 million into the brokerageAccording to KBRA's rating report, Ripple transferred $500 million in capital to Ripple Prime following the acquisition. KBRA expects Ripple to contribute a further $500 million during 2026. The second contribution is a forward-looking projection from KBRA, not a completed transaction. The 2026 figure appears in the rating rationale as an expected commitment, contingent on business performance.
Ripple holds large cash and XRP reservesAs of the third quarter of 2025, Ripple held nearly $5 billion in cash, according to KBRA's rating report. The company also held more than 40 billion units of XRP, Ripple's digital asset. These figures reflect Ripple's balance sheet at Q3 2025 and are not a real-time snapshot. The XRP market value fluctuates with token prices. Ripple Prime was formerly known as Hidden Road Partners. Ripple, the company behind the XRP digital asset, agreed to acquire Hidden Road in April 2025 for $1.25 billion. The deal closed in October 2025. Ripple's own press release described it as "one of the largest deals in the digital assets space." Hidden Road also secured a US broker-dealer licence in April 2025, days after the acquisition was announced.
"This deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.", 17 April 2025. — Brad Garlinghouse, CEO, Ripple
Ripple injected $500 million into the brokerageAccording to KBRA's rating report, Ripple transferred $500 million in capital to Ripple Prime following the acquisition. KBRA expects Ripple to contribute a further $500 million during 2026. The second contribution is a forward-looking projection from KBRA, not a completed transaction. The 2026 figure appears in the rating rationale as an expected commitment, contingent on business performance.
Ripple holds large cash and XRP reservesAs of the third quarter of 2025, Ripple held nearly $5 billion in cash, according to KBRA's rating report. The company also held more than 40 billion units of XRP, Ripple's digital asset. These figures reflect Ripple's balance sheet at Q3 2025 and are not a real-time snapshot. The XRP market value fluctuates with token prices. "This deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.", 17 April 2025. — Brad Garlinghouse, CEO, Ripple
Ripple injected $500 million into the brokerageAccording to KBRA's rating report, Ripple transferred $500 million in capital to Ripple Prime following the acquisition. KBRA expects Ripple to contribute a further $500 million during 2026. The second contribution is a forward-looking projection from KBRA, not a completed transaction. The 2026 figure appears in the rating rationale as an expected commitment, contingent on business performance.
Ripple holds large cash and XRP reservesAs of the third quarter of 2025, Ripple held nearly $5 billion in cash, according to KBRA's rating report. The company also held more than 40 billion units of XRP, Ripple's digital asset. These figures reflect Ripple's balance sheet at Q3 2025 and are not a real-time snapshot. The XRP market value fluctuates with token prices. Ripple injected $500 million into the brokerageAccording to KBRA's rating report, Ripple transferred $500 million in capital to Ripple Prime following the acquisition. KBRA expects Ripple to contribute a further $500 million during 2026. The second contribution is a forward-looking projection from KBRA, not a completed transaction. The 2026 figure appears in the rating rationale as an expected commitment, contingent on business performance.
Ripple holds large cash and XRP reservesAs of the third quarter of 2025, Ripple held nearly $5 billion in cash, according to KBRA's rating report. The company also held more than 40 billion units of XRP, Ripple's digital asset. These figures reflect Ripple's balance sheet at Q3 2025 and are not a real-time snapshot. The XRP market value fluctuates with token prices. According to KBRA's rating report, Ripple transferred $500 million in capital to Ripple Prime following the acquisition. KBRA expects Ripple to contribute a further $500 million during 2026. The second contribution is a forward-looking projection from KBRA, not a completed transaction. The 2026 figure appears in the rating rationale as an expected commitment, contingent on business performance.
Ripple holds large cash and XRP reservesAs of the third quarter of 2025, Ripple held nearly $5 billion in cash, according to KBRA's rating report. The company also held more than 40 billion units of XRP, Ripple's digital asset. These figures reflect Ripple's balance sheet at Q3 2025 and are not a real-time snapshot. The XRP market value fluctuates with token prices. As of the third quarter of 2025, Ripple held nearly $5 billion in cash, according to KBRA's rating report. The company also held more than 40 billion units of XRP, Ripple's digital asset. These figures reflect Ripple's balance sheet at Q3 2025 and are not a real-time snapshot. The XRP market value fluctuates with token prices. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.