Kroll gives Ripple Prime a "medium quality" BBB rating, which is the lowest investment grade
According to The Block, Kroll Bond Rating Agency (KBRA) has rated Ripple Prime's U.S. brokerage and holding company as "medium quality" with a BBB rating, which is the lowest investment grade.
Ripple Prime provides integrated trading, lending, and settlement services for institutional investors. KBRA noted that this rating reflects that its business is still in the "expansion phase," with revenue primarily concentrated in exchange-traded derivatives clearing and short-term government bond financing.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Key Market Insights from December 12th, how much did you miss out?

The Bounce is a Illusion? The Bond Market Has Answered

CZ's new book reveals the past of FTX: SBF has high emotional intelligence but has repeatedly poached and smeared Binance

Insurance capital giant's initial position of 20 million USD, State Street launches treasury custody, Iris achieves full retention

Average Earnings per Person $90 Million, Earth's Biggest Private Buyer of Gold

Musk: New Roadster Sports Car May Have Flight Capabilities

Fed’s Sept. 17 Rate Cut Sparks Initial Volatility but Sets Stage to Boost Bitcoin, Gold, and Stocks Over Time
As markets digest the Federal Reserve’s much-anticipated interest rate decision on September 17, there’s a mix of short-term…

Hong Kong SAR Government Prepares for Third Sovereign Green Bond Issuance

Cryptocurrencies: This Venture Capital Giant Drops the Word from Its Name and Turns to AI

Follow the Money: $630 Million for Strive, Tether Activity and Attention to CeFi

Arthur Hayes exits Maelstrom trades as $22.28m in token sales emerge

Ghanem Saudi Arabia Raises an Additional $1.5 Million, Bringing Total Funding to $8.6 Million

Ethereum staking yield is losing to cash rates, so why are investors still lining up?

Bitcoin: Why JPMorgan Reports an Average Return of 20.9% but Only 10% Per Year

Turning Speculation into Business: Standard Reserve's Stock Liquidity Experiment

Stablecoins: FSB Admits to G20 It Monitors $300 Billion with Private Data

Solana Reduces Transaction Finalization Time to About 1/85 with 'Alpenglow' Now Live on Mainnet

Ethereum Proposes Reducing Transaction Finality from 16 Minutes to 4 Minutes, Potentially Lowering Inter-Chain Transfer Costs

AI Security 'Black October'... "The Era of Hacking for Everyone Has Arrived"

Grok, ChatGPT, Claude: These AIs Trading Your Crypto While Banks Panic

Weekly Highlights | Gold Drops Below $4000 During Golden Week, a16z Crypto Renamed to a16z Frontier

Circle Shareholders and Sun Yuchen File Lawsuits Amid Ongoing Controversy Over Trump's Family Crypto Business WLFI

Analysis of the NEAR and ICP Dfinity Public Chain Dispute

New OCC stablecoin rule resets redemptions, and banks face big shifts

Grayscale Launches Physical Contribution Applications for 10 Cryptocurrency Investment Products

Morgan Stanley Affiliates Hold Large Stake in Metaplanet Shares for Securities Business Purposes

Bitcoin Every 15 Minutes: The Express Bet That Is Shaking Prediction Markets

SpaceX perpetual futures traded about $6 billion after earnings

What Is an Agentic Activities Launchpad? Inside AX1 Console 2.0





