On Wednesday, blockchain payment giant Ripple announced a major $500 million investment, which elevated its valuation to $40 billion. The funding came from a consortium of major institutions, including Fortress Investment Group, Citadel Securities affiliates, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

Ripple’s Strategic Expansion

Brad Garlinghouse, CEO of Ripple, emphasized that this investment underscores the company’s momentum and reinforces the market opportunities they are “aggressively” pursuing. He noted:

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

See Full Page