Ripple 200m tetragon 10b

ripple 200m tetragon 10b

Largest funding rounds point to enterprise applications Focus

Following Ripple’s mega-round, 3 of the next 4 largest blockchain deals of the quarter went to companies looking to streamline business processes (the exception being Layer1).

Figure Technologies raised $103M to continue growing its blockchain-based platform Provenance, through which the company provides home equity loans with approval times as fast as 5 minutes.

Digital Asset raised $35M to fund developer community initiatives supporting its Digital Asset Modeling Language (DAML) used for faster financial asset settlement and to expand the technology’s applications.

Lastly, PeerNova raised $31M for market expansion and product development.

It will hasten the onboarding of new global talent to meet market demands and better serve the community, and it also supports Ripple’s vision for the Internet of Value (IoV), says the announcement.

CEO Brad Garlinghouse said that he expects Ripple’s customer base to grow 30%-40% and transaction volume on the company’s network to increase more than 600% in 2020, Fortune reports. Garlinghouse claims that there’s a high level of investor interest in Ripple, and that even though the company did not need the money, the funds provide “balance sheet flexibility,” says the article. He added that Ripple will have more announcements and will disclose more numbers in early 2020.

“We are in a strong financial position to execute against our vision,” said Garlinghouse in today’s announcement.

دلایلی که میتوانست باعث خرید سهام از شرکت های Tetragon، SBI Holdings و Route 66 Ventures توسط ریپل شود، این بود که ریپل به دنبال افزایش قدرت مالی خود است، یعنی همان احساسی که گارلینگ هاوس در توئیت اخیر از آن طفره رفته است. او با بیان اینکه موجودی بانکی ۱ میلیارد دلاری شرکت، امسال را به قوی‌ترین سالی که تا کنون داشته‌ایم تبدیل کرده است، گفت:

حتی با وجود بادهای منفی ۲۰۲۱، این بهترین سال ثبت شده ما بوده است.

RippleNet is much more than cross-border payments – it’s bringing crypto-native services such as liquidity to enterprises. Today, the network has a volume run rate $10B. Huge props to the team for continuously upping their game & leaning into new capabilities every year.

Ripple 200m tetragon 10b5

Ripple, a San Francisco, CA-based blockchain fintech company focused on improving global payments, raised $200m in Series C funding.

The round was led by Tetragon with participation from SBI Holdings and Route 66 Ventures.

The company intends to use the funds to expand operations, the adoption of its technology and of the digital asset XRP and the XRP Ledger, and of Xpring.

Led by CEO Brad Garlinghouse, Ripple operates RippleNet, a global, blockchain powered payments network that has grown to more than 300 customers in more than 45 countries including a strategic partnership with MoneyGram.

By joining RippleNet, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively.

Ripple 200m tetragon 10bk

Ripple, a blockchain payments company, based in San Francisco, has announced a $200 million Series C share buyback, bringing the company’s valuation to a new high of $15 billion.

The company raised $200 million in a Series C funding round in December 2019, with Tetragon Financial Group, a UK-based investment firm, leading the way alongside SBI Holdings and Route 66 Ventures.

The US Securities and Exchange Commission (SEC) filed a $1.3 billion financial lawsuit against XRP or Ripple Labs, co-founder Chris Larsen, and CEO Brad Garlinghouse in December 2020, alleging the defendants of misusing the native XRP coin as unregulated digital asset security.

Ripple 200m tetragon 10bg

From the period of December 12 to January 5, XRP rose over 15x, growing +120B in market cap.

Crypto prices generally made little sense at the time, however, XRP’s move was particularly confusing. While its founding parties, related to the Ripple Global Payment Network, were having success in creating a new, global trust-based payment network competing with SWIFT, there was only a limited use case for the XRP token in the Ripple infrastructure (participants only had to pay fees in XRP but could use any crypto or fiat asset for transfer).

We have asked ourselves since ‘was the 2017 run-up in XRP driven by a misunderstanding that the token offered investors some call on the success of the Ripple Payment Network?’ It was either that or we were missing something significant from the XRP investment thesis.

แม้จะยังคงติดคดีความอยู่กับทาง ก.ล.ต. แต่ Ripple ก็สามารถเข้าร่วมเป็นพันธมิตรกับธนาคารต่างประเทศได้หลายแห่ง เพื่อให้บริการด้านการชำระเงินข้ามพรมแดน และนำบริการ crypto มาสู่สถาบันการเงินแบบดั้งเดิม Garlinghouse ตั้งข้อสังเกตว่าปัจจุบัน RippleNet ช่วยประมวลผลธุรกรรมให้ลูกค้าเป็นจำนวนกว่า 1 หมื่นล้านดอลลาร์ นอกจากนี้เขายังตั้งข้อสังเกตอีกว่า RippleX ซึ่งเป็นเครือข่ายการชำระเงินแบบโอเพ่นซอร์ส กำลังมีฟีเจอร์ใหม่ ๆ ที่เข้ามาร่วมในระบบ XRP Ledger ซึ่งนั่นรวมถึง NFTs, CBDCs, บริดจ์การทำงานร่วมกัน และไซด์เชน

การประกาศของ Garlinghouse พบกับความรู้สึกที่แตกแยก

แม้ว่าถ้อยแถลงของ Garlinghouse จะเต็มไปด้วยแง่บวกมากมาย แต่จิตใจของผู้เข้าร่วมตลาดยังไม่สงบสุขอย่างสมบูรณ์เนื่องจากสถานการณ์รอบ ๆ ข้อพิพาทกับ Tetragon ในเดือนธันวาคม 2019 ที่ Ripple ได้ระดมทุน 200 ล้านดอลลาร์ในการระดมทุน Series C กับบริษัทการลงทุนในอังกฤษ และเสริมโดย SBI Holdings และ Route 66 Ventures หลังจากนั้นไม่นาน ก.ล.ต.

Garlinghouse also shared optimism for the future of RippleNet and Ripple X, the latter of which is posed to enhance the utility of the XRP Ledger in an array of emerging sectors, including nonfungible tokens, central bank digital currencies, as well as interoperable, multichain functionalities, among others.

Upon reaching out to Ripple for greater clarity around their ambitions, a representative spokesperson stated that the purchasing decision was made due to their “extremely strong position in the market”, citing that the company is “cash flow positive” and has a “strong balance sheet.”

Alongside this, they noted that Ripple experienced its “best hiring year in 2021” and that it is now seeking to onboard “hundreds of global employees this year” to support the already existing 500-employee workforce.

This article does not contain investment advice or recommendations.

Компания Ripple Labs выиграла в суде иск британской инвестиционной фирмы Tetragon Financial Group с целью выкупить свою долю в финтех-компании, сообщает Bloomberg.

Tetragon возглавила раунд финансирования Ripple Серии С на $200 млн еще в 2019 году, когда компанию оценили в $10 млрд.

We are thrilled to announce our $200M Series C—an investment that marks a record year of company growth. The round was led by Tetragon along with SBI Holdings and @route66ventures.

— Ripple (@Ripple) December 20, 2019

В начале 2021 года через суд компания потребовала от Ripple погасить привилегированные акции в рамках действующего контракта. Истец через судебный порядок потребовал заблокировать использование калифорнийской компанией денежных средств и других ликвидных активов до оплаты.


Tetragon’s non-voting shares are not intended for European retail investors. Tetragon anticipates that its typical investors will be institutional and professional investors who wish to invest for the long term in a predominantly income-producing investment and who have experience in investing in financial markets and collective investment undertakings and are capable themselves of evaluating the merits and risks of Tetragon shares and who have sufficient resources both to invest in potentially illiquid securities and to be able to bear any losses (which may equal the whole amount invested) that may result from the investment.

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Ripple’s major Japanese partner SBI Holdings and venture capital firm Route 66 Ventures, the firm announced on Dec. 20.

The new funding will reportedly help Ripple to continue improving its global payments network and the broader utility of the digital asset XRP and the XRP Ledger, the announcement reads.

Despite 73% sales drop in Q3, Ripples sees strong yearly growth

The new investment is claimed to mark a record year for the business as Ripple reportedly saw its “strongest year of growth to date in 2019.”

Ripple CEO Brad Garlinghouse said that the company has continued to gain momentum and accelerate industry leadership, while “others in the blockchain space have slowed their growth or even shut down.”

To date, Ripple is claimed to have customers in over 45 countries and six continents, with payout capabilities in more than 70 countries.

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