Ripple Raises $500 Million at $40 Billion Valuation From Major Investors

Ripple has secured a significant investment of $500 million from renowned financial institutions, boosting its valuation to $40 billion. This funding round was led by institutional investors including Fortress Investment Group, Citadel Securities affiliates, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, marking a major milestone for the company as it expands beyond traditional payments processing into diverse blockchain services. 💰