Ripple, a leading digital assets and infrastructure company, announced Wednesday it has secured $500 million in new funding, boosting its valuation to $40 billion. The capital raise follows a series of strategic acquisitions and marks Ripple’s continued expansion beyond its original payments-focused business.
The funding round was led by prominent financial institutions, including affiliates of Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. Ripple stated that the decision to accept $500 million in common equity underscores the strategic value of building deeper relationships with financial partners whose expertise aligns with Ripple’s growing global product suite. The company described 2025 as a record year for growth.
Monica Long, Ripple’s president, told CNBC that the company did not require the funds but chose to raise capital due to strong demand from institutional investors eager to participate in Ripple’s future. “It makes sense to have these partners as investors who will help shape the future of our business,” Long said.
Initially launched in 2012, Ripple began by leveraging blockchain technology to streamline cross-border payments, with its XRP token serving as a bridge for moving fiat currencies quickly. Over the years, Ripple has strengthened its payments operations and diversified through aggressive acquisitions, completing 6 in just over 2 years.
Also Read:
After a Woman Who was Left on The island Died, the Cruise was Canceled
Israel Says Hamas has Returned the Bodies of Three Servicemen Held Hostage
