US EditionHow A $500 Million Cash Infusion From Wall Street Adds Billions To Ripple’s Founders’ Net Worths
Ripple raised $500 million from major financial firms to diversify into custody, prime brokerage, and treasury management, boosting its valuation to $40 billion.
- On Wednesday, digital assets and infrastructure company Ripple raised $500 million, lifting its valuation to $40 billion after a recent $1 billion tender offer at the same valuation.
- Beyond payments, Ripple has pushed into custody of crypto assets, prime brokerage and corporate treasury management through six acquisitions in just over two years.
- Brad Garlinghouse said, `'This investment reflects both Ripple’s incredible momentum, and further validation of the market opportunity we’re aggressively pursuing,'` as RLUSD surpassed $1 billion in market cap and Ripple Payments handles over $95 billion in volume.
- The financing expands Ripple's investor base to include funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace.
- Amid market volatility, the fundraise follows a $1 billion tender offer and occurs as bitcoin fell below $100,000 this week.
52 Articles
52 Articles
How A $500 Million Cash Infusion From Wall Street Adds Billions To Ripple’s Founders’ Net Worths
The company behind the world’s fourth largest crypto is reinventing itself as a conglomerate. Two of Wall Street’s savviest firms, Fortress and Citadel Securities, are backing it.
Ripple Raised $500 Million. But Are Investors Just Getting Discounted XRP?
Ripple Labs just announced a $500 million raise at a $40 billion valuation from a high-profile group of investors including Brevan Howard, affiliates of Citadel Securities, and Marshall Wace. Also involved in the round were major crypto shops like Galaxy and Pantera. But what exactly did they buy with their half a billion dollars? This story is an excerpt from the Bits + Bips newsletter. Subscribe here to get these updates in your emai…
Ripple raises $500 million at $40 billion valuation led by Fortress and Citadel to expand stablecoin and payments business - Tech Startups
Ripple has pulled off another major milestone. The crypto-focused fintech startup announced a $500 million strategic investment led by Fortress Investment Group and Citadel Securities, valuing the firm at $40 billion. Other heavyweight investors joining the round include Pantera Capital, […] The post Ripple raises $500 million at $40 billion valuation led by Fortress and Citadel to expand stablecoin and payments business first appeared on Tech S…
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