As per Coindesk, Ripple secured a $500 million investment in a funding round led by Citadel Securities, Fortress Investment Group, Galaxy Digital, and Pantera Capital, valuing the company at $40 billion. Investors negotiated structured protections, including guaranteed returns and liquidation preferences, due to Ripple’s heavy exposure to XRP, which accounts for at least 90% of its net asset value. XRP has since fallen roughly 40% from its July peak amid broader market declines.
Ripple Secures $500M Investment at $40B Valuation with Structured Protections
CoinDeskShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.