Overview
- The financing was led by Fortress Investment Group and Citadel Securities with Pantera Capital, with additional participation reported from Galaxy Digital, Brevan Howard and Marshall Wace.
- Ripple says the capital will accelerate its RLUSD stablecoin, custody offerings, Ripple Prime brokerage services and global payments integrations.
- The company has expanded through acquisitions including GTreasury for treasury software, Hidden Road rebranded as Ripple Prime, and Rail for stablecoin infrastructure, alongside earlier custody deals Metaco and Standard Custody.
- Ripple reports RLUSD has surpassed $1 billion in market capitalization in under a year and says its payments volume has topped $95 billion across operations supported by 75 regulatory licenses.
- Ripple Prime’s reported metrics include doubled client collateral, roughly 60 million daily transactions and expansion into collateralized lending for XRP.