Ripple's $40B valuation lifts early backer's stake 62%
What's the deal? Ripple raised $500 million in a late-stage round that valued the crypto and payments firm at $40 billion, led by major investment firms. An SEC filing shows the deal has already reshaped early holdings.
What's the signal in the filing? Megacorn Fund LP's Ripple shares rose about 62.4% in value, from an original cost of $229,840 to a fair value of $373,179 by the end of 2025. That gain outpaced most other fintech holdings in the fund.
What's the endgame? The valuation reflects Ripple's expanding role in tokenized capital markets. It does not reflect the company's current market value or the separate digital asset XRP.
How big is this round? A $500 million raise sits near the top end for US fintech late-stage deals, ranking above roughly 99% of comparable rounds on record.
The signal: The markup signals strong private market confidence in Ripple as it pushes into tokenized finance — a sign that investors are pricing in growth well beyond crypto trading.
Read more: pluang.com
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