Summary
- Ripple reportedly secured $500 million in new funding.
- This fundraising reportedly brought the company valuation to $40 billion.
- Major investment firms participated, and the CEO emphasized Ripple's continued growth and market opportunities.
Global remittance solutions provider Ripple has reportedly secured $500 million in new funding.
On the 5th (Korean time), CNBC reported that Ripple raised $500 million in an investment round, lifting its valuation to $40 billion.
Major investors in this round included Fortress Investment Group, Citadel Securities, Pantera Capital, and Galaxy Digital.
Brad Garlinghouse (Brad Garlinghouse), Ripple CEO, said, "This investment is evidence of Ripple's continued growth and market opportunities," and, "Ripple is a partner that helps financial institutions innovate finance in new ways through crypto assets and blockchain technology."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
!["Ceasefire possible" lifts Wall Street in sharp rebound as U.S., Iran speak in unison… Micron +5% [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/6f098531-c21e-46ed-a075-a5a6c68f885b.webp?w=250)