Ripple secures $500 million investment led by Fortress and Citadel Securities at $40 billion valuation
Crypto Briefing
Ripple secured a $500 million investment led by Fortress and Citadel Securities at a $40 billion valuation to expand its institutional services.Summary
Blockchain firm Ripple has successfully secured a $500 million investment round, valuing the company at $40 billion. The funding was spearheaded by institutional investors, specifically funds affiliated with Fortress Investment Group and Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. This investment supports Ripple's strategy of expanding its institutional custody and wallet services through strategic acquisitions, aiming to integrate legacy financial systems with blockchain technology for enhanced cross-border payment solutions in the US.
(Source：Crypto Briefing)