Overview
- Funds managed by affiliates of Fortress Investment Group and Citadel Securities led the round, with participation from Pantera, Galaxy Digital, Brevan Howard and Marshall Wace.
- The raise follows a $1 billion tender offer at the same valuation, and Ripple says it has repurchased more than 25% of its outstanding shares to provide liquidity.
- Ripple reports six acquisitions in just over two years, including GTreasury for treasury management, Rail for stablecoin infrastructure and Hidden Road rebranded as Ripple Prime.
- Operational metrics highlighted include Ripple Payments volumes surpassing $95 billion, 75 regulatory licenses and RLUSD crossing a $1 billion market cap within a year of launch.
- Since integrating Hidden Road into Ripple Prime, client collateral has doubled, average daily transactions exceed 60 million and the business has tripled in size.