Ripple raised $๐ฑ๐ฌ๐ฌ๐ ๐ฎ๐ ๐ฎ $๐ฐ๐ฌ๐ ๐๐ฎ๐น๐๐ฎ๐๐ถ๐ผ๐ป, backed by Citadel and Fortress. [NEWS]
Other backers? Brevan Howard, Marshall Wace, Pantera Capital, and Galaxy.ย Ripple might have leapfrogged Circle and Tether.io as the vertically integrated and globally compliant financial infrastructure provider.
Unlike them, Ripple doesnโt just issue money. It owns the pipes.
(PRO readers: PDF below)
In just over two years, Ripple has developed a comprehensive five-pillar institutional stack, transitioning from its initial use case of cross-border payments:
Treasury management: Integrating GTreasury (acquired in Oct 2025 for $1B) to provide a direct gateway into corporate liquidity flows
Prime Brokerage: Operating Ripple Prime (aka Hidden Road; acquired in Apr 2025 for $1.25B); handles $3T annually, moves $10B/day, 50M daily transactions
XRP-ledger: A decentralised, open-source blockchain
The thesis: own the full stack that moves institutional money, not just the money itself.
The catalyst: Tokenisation. Ripple is positioning its consolidated infrastructure as the critical liquidity and workflow bridge for $19T RWA tokenisation market.
The infrastructure play:ย Ripple Prime clears $3T annually across digital assets, FX, and fixed income for 300+ institutional clients. Itโs the core utility layer that makes RLUSD and RWA collateral actually usable for hedge funds and asset managers.
