Ripple Rockets to $40B Valuation After Massive $500M Wall Street Influx

Blockchain payments giant Ripple has raised $500 million in a new strategic funding round led by Fortress Investment Group and Citadel Securities, pushing its valuation to $40 billion, the company announced Wednesday.

The round also included major investors such as Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, and follows Ripple’s recent $1 billion tender offer at the same valuation. CEO Brad Garlinghouse described the new raise as “the cherry on top of a mountain of good news,” marking what he called Ripple’s strongest year on record.

Institutional Expansion

Since its founding in 2012, Ripple has evolved beyond payments to include custody, stablecoins, prime brokerage, and corporate treasury services. The new capital will strengthen its ties with traditional finance firms, accelerating growth across its RLUSD stablecoin, Ripple Prime brokerage, and treasury products.

Ripple’s RLUSD stablecoin surpassed a $1 billion market cap within a year of launch, while its payments network has processed more than $95 billion in total volume using XRP and RLUSD. The company’s Ripple Prime platform, built from the $1.25 billion acquisition of Hidden Road, now offers collateralized lending and institutional XRP products.

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Record Year of Deals

In 2025 alone, Ripple spent over $4 billion on acquisitions, including Hidden Road, GTreasury, and custody provider Palisade. The company has also repurchased more than 25% of its outstanding shares to provide liquidity for early investors and employees.
Ripple’s expansion follows the resolution of its long-running legal battle with the U.S. SEC, as both sides agreed to drop appeals earlier this year.

The latest investment round signals Wall Street’s deepening interest in regulated digital asset infrastructure, as institutions seek exposure to blockchain-based financial products.