Overview
- The round was led by Fortress Investment Group and Citadel Securities with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
- Ripple says RLUSD has surpassed $1 billion in circulation, and a pilot with Mastercard, WebBank and Gemini is testing stablecoin settlement of credit card transactions.
- President Monica Long told Bloomberg there is no plan or timeline for an IPO as the company remains well capitalized to pursue growth privately.
- The investment follows a $1 billion tender offer earlier this year at the same $40 billion valuation.
- Recent acquisitions building an end‑to‑end institutional platform include Metaco and Standard Custody for safekeeping, Rail for stablecoin infrastructure, GTreasury for corporate treasury, and Hidden Road rebranded as Ripple Prime for prime brokerage, with Ripple citing more than $95 billion in payments volume and broad licensing.