The post Ripple Raises $500M at $40B Valuation, but Did the Deal Involve a Sale of Discounted XRP? appeared com. Key highlights: Ripple secures $500 million in funding, bringing its valuation to $40 billion Investment round led by major Wall Street firms including Citadel Securities and Fortress Investment Group Funds to bolster Ripple’s institutional services, including stablecoins, prime brokerage, and corporate treasury A report from Unchained suggests the deal could have involved Ripple selling its XRP holdings to the investors at a substantial discount Ripple, the blockchain-based fintech firm closely associated with the XRP cryptocurrency, has announced a $500 million strategic investment round that values the company at $40 billion. The raise, confirmed on Wednesday, marks a significant milestone in Ripple’s evolution from a payments-focused crypto startup to a broad-based provider of institutional digital asset services. Swell 2025: We have closed a $500 million strategic investment at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities: → $95B+ in total Ripple Payments payment volume→ $1B+ LUSD stablecoin market cap→ 6 strategic.- Ripple (@Ripple) November 5, 2025 Wall Street giants back Ripple’s growth The funding round was led by affiliates of Fortress Investment Group and Citadel Securities, with additional participation from Brevan Howard, Pantera Capital, Galaxy Digital, and Marshall Wace. Ripple emphasized that the decision to accept the investment in common equity was part of a broader strategy to deepen relationships with financial institutions whose expertise aligns with its expanding global product suite. Ripple President Monica Long noted the firm was not in urgent need of capital but saw strong interest from institutional investors. “We think it makes good sense to have them as strategic partners,” Long told CNBC. “As investors who will have a hand toward building the future.” Expansion into institutional crypto services Since its founding in 2012, Ripple has grown beyond cross-border payments to launch products in custody, stablecoins, prime brokerage, and corporate.