RIPPLE RAISES $500 MILLION AT A $40 BILLION VALUATION
🔸 Major funds from Citadel Securities, Fortress Investment Group, and Brevan Howard, along with notable names such as Pantera Capital, Galaxy Digital, and Marshall Wace, participated in this funding round.
🔸 Ripple stated that the additional capital will help the company expand its global product offerings and strengthen partnerships with major financial institutions.
🔸 Recently, Ripple acquired treasury management software firm GTreasury in a $1 billion deal, launched its RLUSD stablecoin, and introduced a crypto brokerage service following its $1.25 billion acquisition of Hidden Road.
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