Ripple has achieved a $40 billion valuation following a $500 million funding round in November 2024, attracting significant backing from Wall Street heavyweights such as Citadel Securities and Fortress Investment Group. The funding round also saw participation from Brevan Howard, Pantera Capital, and Galaxy Digital. Investors in the deal are offered downside protection, ensuring a 10% annualized return over three to four years, with Ripple retaining the option to repurchase shares at a 25% premium.
This valuation surge comes on the heels of Ripple's favorable developments with the SEC, underscoring robust confidence in its blockchain payment tools, custody services, and treasury solutions. Additionally, Ripple's RLUSD stablecoin has surpassed a $1 billion market cap, reflecting growing institutional interest.
Ripple Valued at $40 Billion After SEC Win and Wall Street Support
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