Ripple has raised $500 million in fresh funding, boosting its valuation to $40 billion as the digital asset and infrastructure firm continues its rapid expansion beyond blockchain-based payments. The latest investment marks one of the largest private capital raises in the crypto sector this year.
The funding round was led by funds managed by affiliates of Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. Ripple described the decision to accept new common equity as a strategic step to deepen relationships with key financial partners as it scales globally.
Expanding Beyond Payments
Founded in 2012, Ripple began by using blockchain technology to power cross-border payments, leveraging its XRP token to move fiat currencies quickly and efficiently. Over the past two years, however, the company has undergone a transformation into a comprehensive digital asset platform, completing six acquisitions and broadening its service offerings.
Ripple has launched its own stablecoin, introduced Ripple Prime for institutional crypto brokerage, and built out a custody and treasury management business aimed at corporate and financial clients. The company’s stablecoin, pegged to the U.S. dollar and backed by real assets, is now a core component of its strategy to modernize global liquidity and settlement networks.
Ripple’s International CEO, Michael Higgins, previously described the firm’s growth as a “record year,” noting the expansion of its U.S. presence through acquisitions and the rollout of institutional trading infrastructure. The company’s evolution reflects a wider trend of crypto firms moving toward regulated, enterprise-focused financial services.
Favorable U.S. Environment
The latest funding comes amid a more constructive environment for the U.S. digital asset industry. The passage of the GENIUS Act, a landmark stablecoin framework, and the election of President Donald Trump have renewed optimism among industry leaders about regulatory clarity and institutional participation.
Despite broader crypto market volatility—highlighted by Bitcoin’s recent dip below $100,000—Ripple’s fundraising underscores investor confidence in blockchain-driven financial infrastructure. With new capital and a diversified product base, the company appears well-positioned to strengthen its leadership role in the next phase of institutional crypto adoption.