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Ripple Secures $500M Funding, Reaches $40B Valuation

11/5/2025

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Summary

Story summary

Ripple, the blockchain payments company, raised $500 million in a funding round led by Fortress Investment Group and Citadel Securities, valuing Ripple at $40 billion.
The round follows a $1 billion tender offer Ripple made earlier in 2025.
Brad Garlinghouse, CEO of Ripple, said the funding marks a significant achievement in Ripple's strongest year yet and will fuel expansion of custody services and stablecoins with traditional finance partners.

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Story summary

Ripple, the blockchain payments company, raised $500 million in a funding round led by Fortress Investment Group and Citadel Securities, valuing Ripple at $40 billion.
The round follows a $1 billion tender offer Ripple made earlier in 2025.
Brad Garlinghouse, CEO of Ripple, said the funding marks a significant achievement in Ripple's strongest year yet and will fuel expansion of custody services and stablecoins with traditional finance partners.