Ripple Prime, Ripple’s non-bank brokerage arm, raised $275 million through a private placement of senior unsecured notes. Piper Sandler served as lead placement agent and Kroll Bond Rating Agency assigned a BBB investment-grade rating to the transaction. Despite this corporate success, XRP price did not react, remaining below the psychological $1 level with a market capitalization of $62.7 billion. On the same day, Ripple partnered with Jeonbuk Bank, becoming the first regional South Korean bank to deploy Ripple Payments for cross-border remittances. The divergence between the company’s financial health and the token’s persistent weakness fuels an ongoing debate within the community about the actual correlation between Ripple’s institutional successes and XRP’s market value.
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