Ripple Gains Wall Street Support for Its $500 Million Fundraising Effort (UPDATED)

Ripple's Capital Raise: Ripple successfully raised $500 million in November, achieving a $40 billion valuation, the highest for a private crypto company, with significant interest from traditional finance firms like Citadel Securities and Fortress Investment Group.

Cautious Institutional Interest: Despite the growing institutional appetite for crypto, major firms are exercising caution due to market volatility and regulatory uncertainties, as indicated by the tight safeguards in the funding round.

Disconnect Between Private and Public Markets: Crypto fundraising has surged to $23 billion in 2025, but public-market crypto companies have faced steep declines, highlighting a disconnect between private valuations and public performance.

Ripple's Strategic Shift: Ripple's President stated there are no immediate plans for an IPO, and the company's acquisitions reflect a strategy to become a broader fintech provider, potentially diminishing the influence of XRP on its long-term valuation.