Ripple Secures $500 Million Investment at $40 Billion Valuation, Halting IPO Discussions

San Francisco, CA – Ripple, a leading enterprise blockchain and crypto solutions provider, has successfully raised $500 million in a strategic investment round, propelling its valuation to $40 billion. The significant capital injection, announced on November 5, 2025, has led the company to reiterate its stance against pursuing an initial public offering (IPO) despite achieving recent legal clarity. The funding round was led by prominent institutional investors, including affiliates of Fortress Investment Group and Citadel Securities, with additional participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. This investment follows a year of substantial growth for Ripple, which has seen its product suite expand significantly beyond its core cross-border payments business. Ripple CEO Brad Garlinghouse confirmed the company's current focus, stating, "We are not focused on an IPO right now. We have the balance sheet, the liquidity to be growing and making moves on M&A and other big strategic partnerships. We will continue to remain private." This position comes despite a recent dismissal of the Securities and Exchange Commission's (SEC) pending case against Ripple, which had provided much-anticipated legal clarity for the company. The fresh capital is earmarked to deepen relationships with financial institutions and support Ripple's expanding product offerings, which now include custody, stablecoins, prime brokerage, and corporate treasury services. The company has made several strategic acquisitions in the past two years, including GTreasury for $1 billion and Hidden Road for $1.25 billion, further diversifying its ecosystem. Ripple’s stablecoin, Ripple USD (RLUSD), has notably surpassed a $1 billion market capitalization within a year of its launch, demonstrating strong adoption. The company's payments platform, powered by XRP and RLUSD, has processed over $95 billion in total volume, underscoring its utility in the digital asset space. This robust financial position and strategic expansion reinforce Ripple's decision to forgo an immediate public listing.