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Ripple secures $500M funding, sets product expansion ahead of any IPO plans
Ripple raised $500 million to fund product growth and ecosystem expansion, emphasising product priorities instead of a near-term IPO.
Ripple Labs has raised $500 million in a strategic funding round aimed at accelerating its product expansion and ecosystem growth rather than pursuing a near term initial public offering. The funding round drew participation from existing and new investors who see value in Ripple’s blockchain payments infrastructure and expanding developer footprint.