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11h ago

Ripple Raises $500 Million at $40 Billion Valuation as Fortress and Citadel Affiliates Lead Round

The raise signals investor confidence in Ripple’s pivot to a vertically integrated, institution-focused platform.

Representation of Ripple, a cryptocurrency network, in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration
Ripple Prime goes live in U.S. as RLUSD crosses $1B
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Overview

  • Funds were led by affiliates of Fortress Investment Group and Citadel Securities with participation from Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace.
  • Ripple reports total Ripple Payments volume now tops $95 billion and says it holds 75 regulatory licenses to move money for clients.
  • RLUSD surpassed a $1 billion market cap in under a year and is already used as collateral within Ripple Prime.
  • Following the U.S. debut of Ripple Prime this week, the company says client collateral has doubled, daily transactions exceed 60 million and the prime business has tripled.
  • Ripple cites six acquisitions in just over two years, including Hidden Road, GTreasury and Rail, and says an RLUSD settlement pilot with Mastercard, WebBank and Gemini is progressing pending regulatory clearance.