Ripple Secures $500 Million to Drive Expansion into Crypto Banking

Ripple has secured a substantial $500 million investment, fueling its ambitious plans to expand beyond just XRP payments and build a broader crypto banking infrastructure. Leading the funding round were prominent investors including Fortress Investment Group and Citadel Securities, significantly boosting Ripple’s valuation to an impressive $40 billion. This financial boost signals growing institutional confidence in Ripple’s vision.