Ripple’s massive valuation backed by Citadel and Fortress highlights rising Wall Street confidence in blockchain and stablecoin innovation. Blockchain payments company Ripple has been valued at $40 billion following new equity investments from Citadel Securities and Fortress Investment Group, underscoring the growing appeal of blockchain technology among mainstream financial institutions. According to a Financial Times report on Wednesday, Ripple raised $500 million from several investors in its latest funding round, which cemented the lofty valuation. The deal signals a broader shift as established Wall Street firms move to gain exposure to the digital payments and blockchain sector despite ongoing market pressures. Other investors included hedge fund Brevan Howard and crypto-focused venture capital companies Pantera and Galaxy Digital. Read more
Ripple’s US dollar-pegged RLUSD has entered the top 10 stablecoins by market cap, reaching $1 billion less than a year after launch. Ripple USD, a stablecoin created by XRP issuer Ripple, has surpassed $1 billion market capitalization, marking a significant milestone less than a year after its launch. Officially launched in December 2024, the Ripple USD (RLUSD) stablecoin has achieved a remarkable 1,278% year-to-date growth in market capitalization. The stablecoin first broke through the $1 billion mark on Monday, just a few days after reaching $900 million on Oct. 24, according to CoinGecko data. Read more
As Ripple’s Swell conference kicked off in New York this week, the company announced an expansion of OTC services following its October acquisition of a prime broker. Blockchain payments company Ripple expanded its services to include digital asset spot prime brokerage for US markets, about seven months after announcing plans to acquire Hidden Road. In a Monday notice, Ripple said that its US-based institutional clients would be able to execute over-the-counter (OTC) spot transactions across multiple cryptocurrencies. The launch of the service followed Ripple’s acquisition of crypto-friendly prime broker Hidden Road as part of a $1.25 billion deal disclosed in April and finalized in October. “The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide US institutions with a comprehensive offering to suit their trading strategies and needs,” said Michael Higgins, international CEO of Ripple Prime and former H...
XRP eyes a breakout toward $3–$3.45 as strong technical support and Ripple’s expanding institutional push fuel renewed bullish momentum. Key Takeaways: Ripple’s CEO said XRP “sits at the center of everything” as Ripple Prime launched. XRP price looks to break resistance at $3 amid bullish technical momentum. Read more
XRP eyes a breakout toward $3–$3.45 as strong technical support and Ripple’s expanding institutional push fuel renewed bullish momentum. Key Takeaways: Ripple’s CEO said XRP “sits at the center of everything” as Ripple Prime launched. XRP price looks to break resistance at $3 amid bullish technical momentum. Read more
Ripple has completed its acquisition of Hidden Road, a move that will expand its fintech services for institutional clients and boost the utility and reach of its RLUSD stablecoin. Ripple has closed its acquisition of non-bank prime broker Hidden Road and rebranded it as Ripple Prime, marking one of the company’s most significant deals to date and substantially expanding its operations beyond the digital assets sector. Ripple said it is now the first crypto company to own and run a multi-asset prime broker, covering everything from clearing, financing, and brokerage across digital assets, derivatives, swaps, foreign exchange, and fixed-income products for institutional clients. Ripple Prime’s business activity has already grown threefold since the $1.25 billion acquisition was announced in early April, Ripple said on Friday, adding that more growth from new and existing customers is expected. Read more
Ripple has completed its acquisition of Hidden Road, a move that will expand its fintech services for institutional clients and boost the utility and reach of its RLUSD stablecoin. Ripple has closed its acquisition of non-bank prime broker Hidden Road and rebranded it as Ripple Prime, marking one of the company’s most significant deals to date and substantially expanding its operations beyond the digital assets sector. Ripple said it is now the first crypto company to own and run a multi-asset prime broker, covering everything from clearing, financing, and brokerage across digital assets, derivatives, swaps, foreign exchange, and fixed-income products for institutional clients. Ripple Prime’s business activity has already grown threefold since the $1.25 billion acquisition was announced in early April, Ripple said on Friday, adding that more growth from new and existing customers is expected. Read more
Ripple co-founder and former CEO Chris Larsen has amassed millions in realized profits from XRP since 2018, potentially putting the price recovery at risk. Key takeaways: Ripple co-founder Chris Larsen has realized $764,209,610 in profit from XRP sales since 2018. XRP must reclaim the 200-day SMA at $2.60 to end a downtrend. Read more
Holding above $2 increases XRP's potential to retest $3 in the coming weeks, while also maintaining a record high target of around $7.75. Key takeaways: XRP price dropped 8.75% on Friday despite Ripple’s $1 billion acquisition plans. A drop toward the $2 support level is possible in the coming days, as bulls pin their hopes on a rebound. Read more
Ripple Labs is already a significant XRP holder, with its market report from earlier this year revealing it had 4.5 billion tokens in its stash, with another 37 billion locked in escrow. Ripple Labs is reportedly on the cusp of launching a fundraising effort to purchase $1 billion worth of its XRP token to hold in a digital asset treasury, according to Bloomberg. The fundraiser is being organized through a special purpose acquisition company or SPAC, Bloomberg reported on Friday, citing anonymous people with knowledge of the matter. The digital asset treasury (DAT) will consist of the freshly bought XRP (XRP) and Ripple will also throw in some of its own stockpile, but the exact terms of the transaction are still being hashed out, and could change before the deal is inked, according to Bloomberg’s sources. Read more
GTreasury is Ripple’s third business acquisition in 2025, part of an expansion strategy that includes traditional financial companies and digital asset projects alike. Ripple acquired corporate treasury management company GTreasury for $1 billion, as part of a business acquisition strategy to expand its operations. The deal gives Ripple infrastructure to manage digital assets held in corporate treasuries, including stablecoins and tokenized deposits, which can be used to generate yield for clients, according to a Thursday announcement. GTreasury’s corporate treasury management tools, alongside Ripple’s suite of blockchain rails, allows the funds to be accessed 24/7 and sent with near-instant settlement in cross-border transactions. Brad Garlinghouse, CEO of Ripple, said: Read more