PANews reported on April 2nd that, according to The Block , the Kroll Bond Rating Agency ( KBRA ) has assigned a BBB " medium quality " issuer rating to Ripple Prime 's U.S. brokerage and holding company, the lowest investment grade rating. KBRA stated that Ripple Prime's business is still in an "expansion phase," with current revenue primarily concentrated in exchange-traded derivatives clearing and short-term U.S. Treasury financing. It aims to achieve profitability in 2025 after a cumulative $ 500 million investment from its parent company , Ripple Labs , and the acquisition of Hidden Road . The rating is based on Ripple's approximately $ 5 billion in cash and approximately $ 52 billion equivalent in XRP assets, but also points out its low level of business diversification, sensitivity to interest rate and digital asset market volatility, and certain counterparty and liquidity risks. Ripple is working to diversify its revenue streams through new products such as synthetic equity financing and Equity Prime Brokerage .