US EditionRipple Valued at $40B in Funding Round
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.
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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…
Ripple Announces $500 Million Strategic Investment Led by Fortress and Citadel Securities, Valuing the Company at $40 Billion Following Record Growth
Ripple, the leading financial technology company that offers crypto solutions for businesses, today announced a $500 million strategic investment at a $40 billion valuation from world-class institutional investors led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
Ripple Valued at US$40 Billion After Securing US$500 Million Strategic Investment
Ripple has secured US$500 million from global investors at a US$40 billion valuation, marking a new milestone as the company expands further into payments, custody, and stablecoins. The funding, representing new common equity, was led by funds managed by affiliates of Fortress Investment Group and Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. It follows Ripple’s US$1 billion tender…
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