Ripple, a company specializing in digital assets and infrastructure, has officially declared the successful closure of a funding round that garnered $500 million, propelling its valuation to an impressive $40 billion. This particular funding milestone follows Ripple's recent string of strategic acquisitions. The company is now broadening its horizons, transitioning from solely offering payment services to venturing into a wider array of sectors. These new endeavors encompass encrypted asset custody solutions, institutional brokerage services, and corporate treasury management.
