Fortress Investment Group and Citadel Securities led a $500m round in Ripple.

Private equity firms Fortress Investment Group and Citadel Securities led a $500m round in Ripple, a blockchain-based financial technology company, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. “This investment reflects both Ripple’s incredible momentum, and further validation of the market opportunity we’re aggressively pursuing by some of the most trusted financial institutions in the world. We started in 2012 with one use case - payments - and have expanded that success into custody, stablecoins, prime brokerage and corporate treasury, leveraging digital assets like XRP. Today, Ripple stands as the partner for institutions looking to access crypto and blockchain,” Brad Garlinghouse, Ripple CEO.