Ripple Secures $500 Million Funding Boost, Valuation Soars to $40 Billion

Ripple has received a significant boost with a $500 million funding round led by Fortress Investment Group and Citadel Securities, pushing the company’s valuation to a staggering $40 billion. While initial market responses remain subdued, analysts anticipate this injection could influence Ripple’s XRP native token in the long term. Notably, CEO Brad Garlinghouse has yet to publicly comment on the investment’s implications.