Ripple has closed a major funding round that places the company firmly back in the center of institutional crypto investment. The firm confirmed a $500 million Series D raise on November 5, 2025, valuing the company at $40 billionand drawing participation from some of the most influential players in traditional finance.
Ripple has closed a major funding round that places the company firmly back in the center of institutional crypto investment. The firm confirmed a $500 million Series D raise on November 5, 2025, valuing the company at $40 billionand drawing participation from some of the most influential players in traditional finance.
Wall Street Leads the Charge
The financing was anchored by Fortress Investment Group and Citadel Securities, signaling a strong vote of confidence from established financial institutions. Additional capital came from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, rounding out one of the largest institutional crypto deals of the year.
The structure of the investment includes protective mechanisms tailored to institutional buyers. Investors secured the right to sell shares back to Ripple after three or four years at a guaranteed 10% annual return, or at an even higher 25% annual return if Ripple elects to repurchase the shares early. This feature underscores the appetite for exposure to Ripple’s growth while mitigating downside risks.

Why the Raise Matters
The Series D round is Ripple’s first public capital event since 2019 and marks a strategic pivot toward deeper engagement with global financial institutions. Ripple has expanded into infrastructure beyond payments, adding custody, stablecoins, prime brokerage, and corporate treasury services to its lineup.
One standout initiative is RLUSD, Ripple’s U.S. dollar, denominated stablecoin, which has been rapidly scaling since launch. The new capital is expected to accelerate adoption and integration of Ripple’s products across banks, payment providers, and corporate clients.
Validation Amid Ongoing Regulatory Friction
Despite its legal standoff with the U.S. Securities and Exchange Commission, Ripple has enjoyed a year of strong commercial traction. Securing a raise of this size, backed by elite Wall Street firms, represents a major endorsement not only of Ripple’s long-term strategy but of the evolving relationship between crypto and traditional finance.