Ripple has secured $500 million in a new strategic funding round, pushing its valuation to $40 billion and cementing its position as one of the largest players in crypto finance. The round draws in Citadel as a notable participant, signalling that traditional finance heavyweights are increasingly comfortable placing institutional capital behind blockchain payment infrastructure.
The scale of the valuation — $40 billion — is a meaningful benchmark for the broader crypto industry: it positions Ripple alongside the upper tier of fintech and payments companies globally, not just within crypto. For XRP holders, the structural read is straightforward: sustained institutional inflows at this size tend to compress the gap between network utility and token price.
With Citadel's involvement adding a layer of TradFi legitimacy, the funding round is likely to attract further attention from…
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