Key Notes

Fortress Investment Group led a major funding round alongside Brevan Howard and Marshall Wace for the blockchain payments firm.

The company's dollar-pegged stablecoin achieved remarkable growth, becoming the tenth largest in its category within a year.

Ripple Prime now offers institutional brokerage services following the Hidden Road acquisition and humanitarian groups test its technology.

Blockchain payments firm Ripple Labs Inc has secured $500 million from Fortress Investment Group and a few other investors. The funding raised its valuation to a whopping $40 billion, according to an X post by the company’s CEO Brad Garlinghouse . He described this round as the “cherry on top of a mountain of good news” that the firm has recorded this year alone.

Fortress Investment Gr

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