Ripple Prime Acquired by Ripple | Financial Services M&A Deal

Ripple has completed the acquisition of Ripple Prime, a payments processing business in California, for $200 million. Ripple Prime operates a multi-asset prime brokerage platform that provides institutional-grade prime services and margin financing to support traditional and digital market participants. Ripple acquisitions in financial services M&A aim to expand lending capacity and improve capital efficiency for clients in San Francisco. The other acquisition is backed by a $200 million debt facility closed as part of Ripple Prime acquisition growth, with Ripple as a strategic buyer pursuing additional balance-sheet flexibility.