Ripple has announced a $500 million strategic investment, which now values the San Francisco‑based crypto‑technology firm at $40 billion. The round was led by funds managed by affiliates of Fortress Investment Group and Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
This fundraising follows Ripple’s $1 billion tender offer earlier in the year, which had already valued the company at the same level. In recent years, Ripple has repurchased more than 25% of its outstanding shares, providing liquidity to employees and early investors while attracting institutional capital.
The company stated that the decision to accept new common equity strengthens relationships with financial partners whose expertise complements its expanding product suite. Chief Executive Brad Garlinghouse described the investment as a vote of confidence from some of the world’s most trusted financial institutions.
He noted that Ripple began in 2012 with a single use case - facilitating cross‑border payments - and has since expanded to include custody services, stablecoins, prime brokerage, and corporate treasury management. The funding round, therefore, strengthens Ripple’s capital base as it courts institutional clients and consolidates recent acquisitions.
Ripple has used acquisitions to broaden its offerings beyond payments. In just over two years, it completed six acquisitions, including two deals exceeding $1 billion. Earlier in 2025, the company purchased stablecoin infrastructure firm Rail to enhance its cross‑border payments network.
It also acquired treasury-management provider GTreasury in October and rebranded its prime broker, Hidden Road, as Ripple Prime. These deals extend Ripple’s reach into custody, stablecoins, prime brokerage, and treasury services for corporate clients. The acquisitions have brought regulatory approvals and expanded client relationships under one roof.
Ripple claims its payments platform has facilitated over $95 billion in transactions. The company holds more than 75 regulatory licences worldwide, enabling it to move money on behalf of customers without intermediaries. Its dollar‑backed stablecoin, Ripple USD (RLUSD), has gained traction with corporate treasurers; the token’s market capitalization crossed $1 billion less than a year after launch.
Ripple plans to integrate RLUSD into GTreasury’s system, which manages trillions of dollars for Fortune 500 clients, to offer 24/7 liquidity management. On Ripple Prime, RLUSD is already used as collateral, and the platform is expanding into collateralised lending for XRP and RLUSD.
The investment comes amid a favourable regulatory environment. The recently enacted GENIUS Act established a federal framework for stablecoins, prompting more institutions to adopt dollar‑pegged tokens for treasury payments and collateral management.
Ripple noted that traditional financial firms are turning to stablecoins to streamline cross-border payments and expedite settlements. The firm intends to leverage this regulatory clarity to expand institutional use of its XRP token and deepen its footprint in capital markets. Garlinghouse said the investment highlights Ripple’s momentum and signals that mainstream finance sees value in blockchain infrastructure.
Analysts view the funding as part of a broader shift in US crypto policy. Observers note that under President Trump’s second administration, regulators have scaled back enforcement actions and have started to embrace digital-asset innovation.
This year, the Securities and Exchange Commission dropped its long‑running lawsuit against Ripple, removing a significant overhang from the company. With legal uncertainties easing, Ripple aims to serve as an infrastructure partner for institutions seeking to access cryptocurrencies and blockchain technology. The latest capital infusion supports that ambition while positioning Ripple among the most valuable private companies in the sector.
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