Ripple announced today the raising of USD 500 million in a strategic round led by Fortress and Citadel Securities, boosting the company’s valuation to USD 40 billion, according to an official Ripple statement.
The capital injection comes after a year of record growth for the company, supporting its expansion in financial services and blockchain-based payment solutions. The strategic round involves multiple institutional investors, reinforcing confidence in Ripple as a key player in global digital payment infrastructure. The funding also strengthens the company’s liquidity and capacity to finance innovation projects and product development.
Ripple indicated that the funds will be used to expand its international presence, optimize payment technology, and strengthen strategic partnerships. The company’s upcoming moves, including potential acquisitions or collaborations, will be closely watched by investors and analysts given the significant increase in valuation and growing institutional interest in the blockchain sector.
Source: Ripple
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