- Kroll assigned Ripple Prime a BBB rating, indicating a moderate-risk, investment-grade profile for the company.
Kroll Bond Rating Agency, a financial and risk advisory firm, has designated an investment-grade issuer rating to Ripple Prime (formerly Hidden Road). The BBB score reflects the unified platform’s financial strength, business expansion, and disciplined execution of its strategies.
For Ripple, the assessment alone indicates that traditional markets are taking notice of its ecosystem, which is mainly powered by XRP Ledger (XRPL)-based solutions. Additionally, it underscores its capability to meet demand for trusted, well-capitalized prime brokerage services.
Ripple Prime’s Commitment to Compliance
Ripple Prime operates under Ripple Labs’ umbrella. It is registered at the US Securities and Exchange Commission (SEC) as a broker-dealer and the Commodity Futures Trading Commission (CFTC) as a futures merchant. Moreover, it’s a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC), as well as a clearing member of the CME Group exchanges and a member of the Fixed Income Clearing Corporation (FICC) Government Securities Division.
All these demonstrate Ripple’s commitment to compliance. Meanwhile, the layer upon layer of oversight displays confidence in its ability to navigate through the stringent standards of institutional finance.
Ripple’s nature significantly departs from the initially perceived Wild West landscape of on-chain and decentralized finance (DeFi). Then, by weaving itself into the fabric of the CME Group and the FICC, it’s helping rewrite the rules for a new era of institutional adoption.
More Growth Potential
Kroll noted that Ripple Prime’s balance sheet has considerably grown over the past 12 months. Likewise, it has already achieved profitability in 2025, supported by the $500 million capital injection from its parent, Ripple Labs.
The ratings firm also took into consideration the performance of Ripple Prime’s parent in its overall evaluation, as it shows the significant financial safety net Ripple provides. Kroll highlighted that Ripple maintains a strong capital position of approximately $5 billion in cash as of its third quarter 2025 attestation.
The figures come in addition to the company’s massive XRP holdings of around 40 billion units, valued at roughly $52 billion based on the token’s average valuation over the last 24 hours. Furthermore, the institution’s official website reveals that it has injected over $600 million across more than 70 direct investments and 10 limited-partner investments over the past decade.
Kroll, however, emphasized that Ripple Prime is still in its early growth phase. Nonetheless, it expects its margins to improve this year as it undergoes expansion.
Brad Garlinghouse, CEO of Ripple, stated that Kroll’s rating on Ripple Prime is a clear validation of its strength, reliability, and technological edge. He believes momentum builds when markets recognize such things.
