Ripple Raises $500M at $40B Valuation in Fortress-Led Round

Ripple has raised $500 million in a new strategic investment round led by Fortress Investment Group and Citadel Securities, valuing the crypto firm at $40 billion. Other participants included Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace.

Source: coindesk.com

Related symbols: XRPUSD