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 offer at the same valuation after what it described as its strongest year to date.
Ripple has repurchased more than 25% of its outstanding shares in recent years to provide liquidity for employees and early backers.
The new investment deepens ties with financial partners whose expertise complements its expanding suite of products.
In just over two years, Ripple has completed six acquisitions, including two worth over US$1 billion, expanding into payments, custody, and stablecoin infrastructure while entering new areas such as prime brokerage and treasury management.
Ripple Payments now handles over US$95 billion in volume, using Ripple USD (RLUSD) and XRP to improve transaction speed and liquidity management.
The company holds 75 regulatory licenses that allow it to move funds globally by cutting intermediaries and simplifying liquidity flows.
Recent acquisitions include stablecoin infrastructure provider Rail and treasury software firm GTreasury, which manages trillions in volume for Fortune 500 clients seeking to use digital assets for real-time cross-border transactions.
RLUSD has surpassed a US$1 billion market cap in less than a year since launch.
Ripple also completed its acquisition of Hidden Road, now Ripple Prime, which uses RLUSD as collateral.
Since the deal, client collateral has doubled, daily transactions have exceeded 60 million, and the business has tripled in size.
Ripple Prime is expanding into collateralised lending for XRP and serving a growing base of institutions trading XRP-based products.
“This investment reflects both Ripple’s incredible momentum, and further validation of the market opportunity we’re aggressively pursuing by some of the most trusted financial institutions in the world.
We started in 2012 with one use case – payments – and have expanded that success into custody, stablecoins, prime brokerage and corporate treasury, leveraging digital assets like XRP. Today, Ripple stands as the partner for institutions looking to access crypto and blockchain.”
said Brad Garlinghouse, Ripple CEO.
Featured image: Edited by Fintech News Singapore, based on image by mangpor2004 via Freepik
