Blockchain payments firm Ripple has successfully closed a $500 million funding round, valuing the company at $40 billion. This investment round, led by major financial players like Fortress Investment Group and Citadel Securities, highlights the increasing acceptance of blockchain technology among mainstream financial institutions. Other participants in the funding round include Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
Ripple described 2025 as a "record year of growth", which motivated the decision to accept the $500 million in new common equity. The company intends to use the funds to strengthen relationships with financial partners, whose expertise complements Ripple's expanding global suite of products. Ripple's strategic decision also reflects the value of these relationships.
This funding round follows Ripple's $1 billion tender offer earlier in the year, also at a $40 billion valuation, demonstrating steady investor confidence despite the broader crypto market downturn. The company's expansion includes offering stablecoin services, crypto custody, and prime brokerage. Ripple has been on an acquisition drive, completing six deals in just over two years to transform itself into a full-service crypto banking platform. These acquisitions include Metaco, Palisade, Hidden Road, and GTreasury. Ripple launched its dollar-pegged stablecoin last year and has been broadening its scope across multiple verticals.
Ripple's growth and acquisitions highlight its push to become a full-stack digital asset infrastructure provider rather than simply a payments company. Total Ripple Payments volume has surpassed $95 billion, with a $1 billion RLUSD stablecoin market cap. The fundraising also comes amid a shift spurred by the GENIUS Act, which is driving unprecedented institutional interest in crypto infrastructure companies. XRP price has also seen a rebound to $2.27 as traders eye higher accumulation levels.
