Ripple has announced the successful acquisition of a $500 million strategic investment from Fortress and Citadel Securities, which propels the company's valuation to $40 billion.
This significant investment comes on the heels of Ripple's strongest year-end performance to date and a recent $1 billion tender offer, both conducted at the same valuation. These developments underscore a sustained confidence in the company's ongoing growth trajectory and its long-term strategic vision.
The investment round, spearheaded by Fortress Investment Group and Citadel Securities, has established Ripple's valuation at $40 billion. Other notable participants in this funding round included Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
“This investment reflects both Ripple's incredible momentum and further validation of the market opportunity we are aggressively pursuing from some of the world's most trusted financial institutions,” stated Ripple CEO Brad Garlinghouse. He further elaborated, “We started with a single use case in 2012 – payments – and have expanded that success into custody, stablecoins, prime brokerage, and corporate treasury, leveraging digital assets like XRP. Today, Ripple is a partner for institutions seeking access to crypto and blockchain.”