Ripple announced a strategic $500 million round at a $40 billion valuation led by Fortress Investment Group and Citadel Securities, with participation from Pantera, Galaxy Digital, Brevan Howard and Marshall Wace. The deal reinforces institutional bets on expansion into stablecoins, custody and prime brokerage, with implications for institutional treasuries and digital infrastructure providers.
Ripple is assembling an end-to-end institutional stack through purchases that include Rail (stablecoin infrastructure), GTreasury (treasury technology) and Hidden Road, now rebranded as Ripple Prime, its prime brokerage arm, all focused on serving corporate clients.
The injection follows a previous $1 billion buy offer at the same valuation and, according to the company’s statement and coverage by Ventureburn and Yahoo Finance, is intended to consolidate acquisitions and scale institutional products.
President Monica Long said the company “didn’t need the capital”, framing the entry of these investors as a strategic alignment rather than a matter of financial urgency.
Context and impact of Ripple’s $500 million round
RLUSD surpassed $1 billion in capitalization in less than a year and is already used as collateral within Ripple Prime. In addition, the company claims more than 75 global regulatory licenses, which it says facilitates operations with institutional clients and compliance management.
The deal brings greater access to regulated liquidity, a boost to treasury products in stablecoins, and a strengthening of the custody and institutional brokerage offering.
It signals a shift toward infrastructure and operational utilities over pure XRP exposure, reflected in the limited movement of XRP’s spot price after the announcement, according to the same sources.
Ripple enters a phase of consolidation and scaling of its institutional vertical; the next operational milestone will be the integration and large-scale deployment of RLUSD as collateral within Ripple Prime and the realization of synergies from recent acquisitions, steps that will determine whether the financing translates into real adoption by institutional treasuries and custodians.
