Ripple has closed a $500 million strategic investment round, valuing the company at $40 billion. The funding was led by prominent Wall Street firms Fortress Investment Group and Citadel Securities, marking a significant vote of confidence from the traditional finance sector.

This capital infusion coincides with major growth milestones for Ripple, including its payment volume surpassing $95 billion. The company's stablecoin, RLUSD, has also grown to a market capitalization of over $1 billion. The investment underscores a broader trend of institutional players backing the core infrastructure of digital payments.

“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,” said Brad Garlinghouse, Ripple CEO. “We started in 2012 with one use case - payments - and have expanded that success into custody, stablecoins, prime brokerage and corporate treasury, leveraging digital assets like XRP. Today, Ripple stands as the partner for institutions looking to access crypto and blockchain.”

The funding provides Ripple with substantial resources to expand its Ripple Payments network and scale its stablecoin, intensifying competition in the global stablecoin market. This move signals industry validation of Ripple's strategy and its potential to bridge traditional finance with blockchain technology.

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https://ripple.com/ripple-press/ripple-announces-500-million-strategic-investment-led-by-fortress-citadel-securities-valuing-the-company-at-40-billion-following-record-growth/