Ripple, a leading financial technology company providing digital asset-based solutions for businesses, has secured a $500m strategic investment led by affiliates of Fortress Investment Group and Citadel Securities.
The round also saw participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, valuing the company at $40bn.
The funding follows a period of record growth for Ripple, marked by its recent $1bn tender offer at the same valuation. The company has repurchased more than 25% of its outstanding shares in recent years, aiming to deliver liquidity and value for employees and early investors.
Founded in 2012, Ripple provides blockchain-based payment and digital asset solutions for enterprises. Its suite of products spans Ripple Payments, which enables fast and transparent cross-border transfers, Ripple Custody for digital asset management, and Ripple Prime, a multi-asset prime brokerage platform for institutional customers. Ripple also operates RLUSD, a stablecoin, alongside its digital asset XRP.
The fresh capital will strengthen Ripple’s partnerships with financial institutions, deepen product innovation, and support its continued expansion into areas such as custody, stablecoins, prime brokerage, and treasury management.
Ripple CEO Brad Garlinghouse said, “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.”
In the past two years, Ripple has completed six acquisitions, including two worth more than $1bn. These deals have strengthened its reach across payments, custody, and stablecoins while expanding into new markets. Ripple’s payment volumes now exceed $95bn, supported by 75 regulatory licences that enable it to facilitate direct transactions for customers and eliminate intermediaries.
Read the daily FinTech news
Copyright © 2025 FinTech Global
The post Ripple bags $500m funding, hits $40bn valuation milestone appeared first on FinTech Global.