Ripple Secures $500M Funding Led by Fortress and Citadel Securities After Record Growth

Core Insights - Ripple has secured $500 million in new funding at a $40 billion valuation, indicating strong investor confidence and interest in its services [1][2][7] - The company reported a significant increase in payments volume, processing over $95 billion, driven by demand for faster and cheaper cross-border transactions [3][7] - Ripple's stablecoin, RLUSD, has achieved a market cap of over $1 billion within a year of its launch, reflecting rapid institutional adoption [4] Funding and Valuation - The recent funding round was led by Fortress Investment Group and Citadel Securities, with participation from other major investors [1][2] - This investment follows Ripple's previous $1 billion tender offer at the same valuation, showcasing sustained confidence in its long-term strategy [2] Payments and Stablecoin Growth - Ripple Payments has seen substantial growth, with a focus on providing liquidity and settlement through XRP and RLUSD [3] - The company emphasizes the importance of its payments business as a key driver of investor interest [3] Acquisitions and Expansion - Ripple has completed six acquisitions in just over two years, with two valued at more than $1 billion, enhancing its capabilities in payments, treasury management, and custody [4][5] - The acquisition of Rail and GTreasury has added new capabilities and stablecoin infrastructure for enterprise clients [5] Prime Brokerage Division - Ripple's prime brokerage division has reported strong growth, with the acquisition of Hidden Road leading to a doubling of client collateral and average daily transactions exceeding sixty million [6]