Ripple Secures Strategic Funding to Expand Institutional Reach
Ripple has announced a 500 million investment round led by Fortress Investment Group and Citadel Securities. The raise values the blockchain payments company at 40 billion and signals growing investor confidence in its long-term strategy.
The round also drew participation from Galaxy Digital, Pantera Capital, Brevan Howard, and Marshall Wace. It follows Ripples 1 billion tender offer earlier this year, which had attracted strong interest from institutional investors seeking exposure to the companys expanding suite of crypto finance products.
Ripple said the new funds would deepen relationships with traditional financial institutions. The company plans to expand across payments, stablecoins, custody, and prime brokerage services.
