Amid the ongoing Swell event, Ripple has secured a fresh $500 million in strategic funding, pushing its valuation to $40 billion.
The round was led by major financial heavyweights, including affiliates of Pantera Capital, Fortress Investment Group, Citadel Securities, Brevan Howard, Galaxy Digital, and Marshall Wace.
Ripple said the decision to accept new common equity reinforces partnerships with financial firms whose expertise aligns with its expanding suite of institutional products.
The raise follows Ripple’s $1 billion tender offer earlier this year, also at a $40 billion valuation. Given the latest investment, it implies steady investor confidence despite the broader crypto market downturn.
Swell 2025: We have closed a $500 million strategic investment at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities: https://t.co/orsBjdkWbE
→ $95B+ in total Ripple Payments payment volume
→ $1B+ $RLUSD stablecoin market cap
→ 6 strategic…— Ripple (@Ripple) November 5, 2025
Record Expansion as Ripple Moves Beyond Payments
Notably, Ripple has described 2025 as a “record year of growth,” driven by rapid product expansion and six acquisitions in just over two years.
Originally launched in 2012 to speed up cross-border payments using XRP, Ripple has since broadened its scope across multiple verticals:
- Stablecoins with the launch of RLUSD, a USD-backed stablecoin
- Custody services for institutions (via Metaco and Palisade acquisitions)
- Prime brokerage and liquidity solutions (Hidden Road)
- Corporate treasury and settlement products (GTreasury)
- Enterprise stablecoin infrastructure, strengthened through its recent acquisition of Rail
This growth and acquisitions highlight Ripple’s push to become a full-stack digital asset infrastructure provider rather than simply a payments company.
GENIUS Act Sparks New Adoption Cycle
Meanwhile, the fundraising comes amid a shift in U.S. regulatory tone following the election of President Donald Trump and the passage of the GENIUS Act — America’s new stablecoin framework.
Since the Act went into effect, fintechs, investment managers, and corporations have accelerated adoption of regulated stablecoins for eal-time settlement, treasury payments, collateral optimization, and global capital market operations.
Positioning XRP for Institutional Markets
With the new capital, Ripple aims to deepen institutional use of XRP in capital markets, leveraging the more crypto-friendly U.S. environment.
“This investment reflects Ripple’s incredible momentum and validation of the market opportunity we’re aggressively pursuing,” said CEO Brad Garlinghouse.
Interestingly, the funding arrives during a turbulent week for digital assets. Bitcoin briefly dropped to $98,900 for the first time since June and wiping billions from the broader market. XRP is also trading in the red, having lost 14% of its value over the past week.
Meanwhile, Ripple maintains that institutional demand for real-world asset-backed tokens and settlement technology continues to strengthen regardless of short-term volatility.
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