Ripple announced a $500M strategic investment at a $40B valuation. The round was led by funds managed by affiliates of Fortress Investment Group and Citadel Securities, with participation from Pantera Capital, Galaxy Digital (GLXY), Brevan Howard, and Marshall Wace. “This investment reflects both Ripple’s incredible momentum, and further validation of the market opportunity,” said Ripple CEO Brad Garlinghouse. The investment follows Ripple’s strongest year to date and a recent $1B tender offer at the same valuation.
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