Ripple, with a fresh valuation of $40B, says the secured funds will support its expanding enterprise-focused product suite, including cross-border payments, stablecoins, custody services, prime brokerage, and corporate treasury solutions.
Ripple Labs, the fintech firm behind the digital-asset infrastructure network and the popular XRP crypto token, announced that it has raised $500 million in a strategic investment round led by affiliates of Fortress Investment Group and Citadel Securities. This new infusion of capital pushes the company’s valuation to approximately $40 billion.
The valuation is quite remarkable in the crypto segment, where rare publicly listed players hardly reach half of that value. The venture round also includes investments from major institutional players such as Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
This move marks one of the most high-profile funding rounds in the crypto infrastructure space this year and underscores how ecosystem incumbents are increasingly blending traditional finance backing with digital-asset capabilities.
Ripple says the funds will support its expanding enterprise-focused product suite. Unlike some other crypto companies focused on facilitating cryptocurrency trading, Ripple provides blockchain-based infrastructure and services aimed at transforming payments, liquidity, asset management, and tokenisation for enterprises, banks, and fintechs.
Thus, Ripple’s cross-border payments and global payout platform allows senders to pay recipients in local fiat currencies or stablecoins, around the clock, across many jurisdictions. The firm’s B2B “Liquidity Hub” enables enterprise clients to access crypto and stablecoin liquidity via a single API, reducing or eliminating the need to pre-fund foreign accounts for cross-border flows.
Ripple has also launched its own enterprise-grade USD stablecoin (RLUSD) designed for integration into its payments and cross-border flows, with compliance and audit features built in. Its market cap is currently around $1 billion.
As enterprises look beyond payments to tokenised assets, digital securities, CBDCs, and multi-asset liquidity, Ripple’s infrastructure helps them transit to this next fintech phase by supporting tokenized assets, asset-ledger management, multichain transfers (e.g., via XRPL and interoperability protocols), and regulated custody frameworks.
The company’s fresh funding comes amid a more favourable regulatory environment in the U.S. for digital assets and stablecoins, positioning Ripple to accelerate institutional-grade adoption of blockchain infrastructure.
