Wall Street Hedged Big Crypto Bet in $500 Million Ripple Deal
Ripple’s $500 million share sale in November drew some of Wall Street’s biggest names and marked a milestone in crypto’s evolution from fringe asset class to mainstream finance. Investors including...
By Ryan Weeks · Bloomberg Markets
Ripple’s $500 million share sale in November drew some of Wall Street’s biggest names and marked a milestone in crypto’s evolution from fringe asset class to mainstream finance. Investors including Citadel Securities LLC and Fortress Investment Group backed the firm at a $40 billion valuation, a record for a privately held digital-asset company.