Back
Ripple Secures $500 Million Investment Led by Fortress and Citadel Securities

Ripple Secures $500 Million Investment Led by Fortress and Citadel Securities

Ripple’s $500M funding, backed by major firms, coincides with notable market updates including Monad’s token launch, Solana’s $100M buyback, and Balancer’s v2 exploit.

SOL

Summary

Ripple confirmed a $500 million strategic investment led by Fortress Investment Group and Citadel Securities, with Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace also participating. The valuation remains at $40 billion, following its $1 billion share buyback. Alongside Ripple’s news, Monad scheduled its token generation event for November 24, Solana Company announced a $100 million stock buyback, Balancer reported an exploit in its v2 platform, and Grayscale waived fees on its Solana ETF until assets under management surpass $1 billion.

Terms & Concepts
  • Ripple: A blockchain-based payment protocol designed to enable fast, low-cost international money transfers.
  • Digital Asset Infrastructure: The underlying technology, platforms, and services that support the creation, management, and exchange of digital assets such as cryptocurrencies.