Fintech firm Ripple has secured a $500m capital injection that values the company at $40bn.
The investment was spearheaded by funds connected to Fortress Investment Group, Citadel Securities, Galaxy Digital, Pantera Capital, Marshall Wace and Brevan Howard.
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The acceptance of this funding in new equity is intended to enhance Ripple’s connections with global financial partners whose expertise supports the company’s growing product portfolio.
This development comes after Ripple’s recent $1bn tender offer at the same valuation.
Ripple CEO Brad Garlinghouse said: “This investment reflects both Ripple’s incredible momentum, and further validation of the market opportunity we’re aggressively pursuing by some of the most trusted financial institutions in the world.”
In recent years, Ripple has bought back over a quarter of its outstanding shares, aiming to provide returns to early backers and employees.
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By GlobalDataIts latest tender reportedly drew significant interest from institutional investors seeking a place on Ripple’s shareholder register.
Over the past two years, the company has concluded six acquisitions, including two transactions valued at more than $1bn, which have broadened its activities across payments, custody services, and stablecoins.
The company has also entered new markets such as prime brokerage and treasury management.
Earlier in 2025, Ripple acquired Rail, a stablecoin infrastructure provider, integrating it into Ripple Payments as part of a cross-border platform that uses both USD-backed stablecoin, RLUSD (Ripple USD) and XRP.
The company reports that Ripple Payments transaction volumes have now exceeded $95bn.
RLUSD recently surpassed a $1bn market capitalisation within its first year.
Ripple also finalised its acquisition of Hidden Road, now operating as Ripple Prime, where RLUSD is already serving as collateral. Ripple Prime is expanding into collateralised lending for XRP and witnessing growth in institutions trading XRP-based products.
In September 2025, Ripple expanded its RLUSD stablecoin into African markets via partnerships with Chipper Cash, VALR, and Yellow Card.
