TLDR
- Ripple raised $500 million in new funding at a $40 billion valuation, led by Fortress Investment Group, Citadel Securities, and other major investors
- The crypto company has completed six acquisitions in just over two years while expanding beyond payments into custody, prime brokerage, and treasury management
- Ripple launched its own stablecoin last year and acquired enterprise stablecoin platform Rail in 2025
- The funding follows passage of the GENIUS Act, which created a regulatory framework for stablecoins in the United States
- The investment comes after Ripple completed a $1 billion tender offer earlier this year at the same $40 billion valuation
Ripple announced Wednesday it has raised $500 million in new funding. The round values the digital assets company at $40 billion.
The funding was led by Fortress Investment Group and Citadel Securities. Other investors include Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
The company completed a $1 billion tender offer earlier in 2025 at the same valuation. This new investment marks the second time Ripple has reached the $40 billion valuation mark this year.
Ripple CEO Brad Garlinghouse said the investment reflects the company’s momentum. He stated it validates the market opportunity Ripple is pursuing.
Expansion Beyond Payments
Ripple launched in 2012 with a focus on cross-border payments using blockchain technology. The company used its XRP token to move fiat currencies quickly between countries.
The company has since expanded its product offerings through acquisitions. Ripple completed six acquisitions in just over two years.
In 2024, Ripple launched its own stablecoin called Ripple USD (RLUSD). Stablecoins are digital currencies pegged to the US dollar and backed by real-world assets.
This year, Ripple acquired Rail, an enterprise-focused stablecoin platform. The acquisition strengthened Ripple’s position in the stablecoin market.
The company now offers custody services for crypto assets. It also provides prime brokerage and corporate treasury management services to institutional clients.
New Regulatory Environment
The funding comes after passage of the GENIUS Act in the United States. This legislation created a regulatory framework for stablecoins.
Financial institutions are increasingly adopting stablecoins for treasury payments and collateral management. Fintechs and traditional banks are using them to streamline cross-border payments and speed up settlements.
Ripple said the new capital will help deepen relationships with financial partners. The company plans to use the funds to support its expanding product suite.
The company aims to expand institutional use of its XRP token. Ripple also plans to deepen its footprint in capital markets under the current administration.
The investment round included both new and existing investors. Ripple described the decision to accept new common equity as strategic for building relationships with financial partners.
Bitcoin recently fell below $100,000 for the first time since June. Billions of dollars were wiped off the overall cryptocurrency market this week.
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