Ripple has raised $500 million in a new strategic investment round led by Fortress Investment Group and Citadel Securities, valuing the crypto firm at $40 billion🔥🔥🔥🚀🚀🚀

"This investment reflects both Ripple’s incredible momentum, and further validation of the market opportunity we’re aggressively pursuing by some of the most trusted financial institutions in the world," said Brad Garlinghouse, Ripple CEO.

"We started in 2012 with one use case — payments — and have expanded that success into custody, stablecoins, prime brokerage and corporate treasury, leveraging digital assets like XRP. Today, Ripple stands as the partner for institutions looking to access crypto and blockchain."

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XRP

1.517

+7.39%