Ripple raises another $500 million, bringing its valuation to $40 billion

On November 6, Ripple (XRP) , a fintech company using blockchain technology, announced that it had successfully raised $500 million in Capital after six years of not raising Capital, raising the company's valuation to $40 billion, nearly three times higher than before.

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-breaking Capital round brings together a series of Wall Street giants

- According to the official announcement , the investment round was led by two giant Wall Street financial institutions, Fortress Investment Group and Citadel Securities, marking the first time these two organizations have jointly invested in a blockchain company.

- In addition to the two main investors, the Capital calling round also attracted the participation of a series of other famous investment funds such as Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace, organizations that have many years of operation and investment in the crypto field.

- Ripple said the entire $500 million was raised through a common equity offering, rather than Token or debt instruments.

- The estimated $40 billion valuation would represent a 263% increase from Ripple’s last valuation, when the company launched a $285 million share buyback program in January 2024 at $11.3 billion. This would also be Ripple’s largest Capital round since its 2019 Series C, which raised $200 million at a $10 billion valuation, led by Tetragon.

- CEO Brad Garlinghouse said the new investment will help strengthen relationships with traditional financial institutions, while expanding Ripple's operations in the institutional financial market through stablecoin products RLUSD, brokerage services Ripple Prime and treasury management solutions GTreasury.

- On X, the CEO likened this Capital round to a "golden note" after a year filled with success for Ripple, from settling a five-year lawsuit with the SEC, to more than $4 billion in strategic investments in 2025, including acquisitions of Hidden Road ($1.25 billion), GTreasury ($1 billion), Rail ($200 million) and most recently, custody provider Palisade .

2025, without a doubt, has been an incredible year for @Ripple , and a record year for crypto as a whole. Although we have a couple of months left, this announcement feels like the cherry on top of a mountain of good news:

Today we announced a $500M investment in Ripple, from… https://t.co/vuMAQfKo1n

— Brad Garlinghouse (@bgarlinghouse) November 5, 2025

- Ripple also revealed that it has bought back more than 25% of its outstanding shares in recent years to increase liquidation for employees and early investors. Therefore, this Capital round marks the arrival of many new institutional shareholders from Wall Street, reflecting the need to access Ripple's rapidly growing digital financial ecosystem.

From payments company to full-blown empire

- Founded in 2012, Ripple started with the mission of optimizing cross-border payments using blockchain and XRP Token . However, in the past two years, the company has significantly expanded into many financial services for organizations with a series of products and services that can be mentioned as:

• Ripple Payments: Blockchain payment system that has processed over $95 billion in global transactions, using XRP and stablecoin RLUSD.

• Ripple Prime: Prime brokerage offering institutional-grade collateralized lending and XRP trading, built on the $1.25 billion acquisition of Hidden Road.

• Ripple Treasury & RLUSD Stablecoin : Following the acquisition of GTreasury ($1 billion), Ripple is now providing on-chain treasury management solutions to Fortune 500 corporations. The USD-backed stablecoin RLUSD has also reached a market Capital of over $1 billion in less than a year since its launch.

- CEO Brad Garlinghouse commented:

“We started with a single payment product, and now Ripple has become the bridge between traditional finance and blockchain, from stablecoins, digital asset brokerage to corporate treasury management.”

Big step forward after closing legal dispute with SEC

- This Capital deal comes just a few months after Ripple completely settled its nearly five-year lawsuit with the US Securities and Exchange Commission (SEC), when both sides agreed to end the mutual complaint process at the US Second Circuit Court of Appeals, which means accepting the previous ruling and ending the lawsuit that has lasted since 2020.

- In late 2020, the SEC sued Ripple for allegedly offering illegal securities related to its XRP coin sale.

- After many years of fighting, in July 2023, a US court ruled that Ripple only violated part of the securities regulations, while the transactions conducted through third parties did not. In August 2024, the judge determined the penalty for the company to be 125 million USD .

- However, the SEC disagreed with this fine, arguing that Ripple should pay a fine equal to the $1 billion raised in the XRP offering. Therefore, the Securities and Exchange Commission continued to appeal the decision.

- President Trump's rise to power and his support for liberal crypto regulations changed everything. Under Trump, the SEC was completely reformed, issuing documents clarifying the legal status of digital assets such as memecoin, coin Staking, Proof-of-Work coins, as well as ending many other crypto company lawsuits . By May 2025, Ripple and the SEC agreed to reduce the fine to $50 million to clear the way for the lawsuit to be closed.

- At the time of writing, XRP price is benefiting from the above news, increasing by more than 7.8% in the past 24 hours. As reported by Coin68, XRP in July 2025 set a new ATH above 3.6 USD thanks to the overall growth of the entire cryptocurrency market.

XRP price movement in the last 24 hours, screenshot on CoinGecko at 08:15 AM on 06/11/2025

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