Ripple Labs is a San Francisco-based fintech company that develops blockchain-based payment solutions for financial institutions. Founded in 2012, Ripple created the XRP Ledger and the XRP cryptocurrency, and offers enterprise products for cross-border payments. The company's flagship product, RippleNet (including its On-Demand Liquidity service), enables financial institutions to send money across borders with faster settlement times and lower costs than traditional correspondent banking.
Ripple was the subject of a landmark SEC lawsuit filed in December 2020, alleging that XRP was an unregistered security. In 2023, a federal judge ruled that XRP sales on secondary markets did not constitute securities transactions, though institutional sales were found to be unregistered securities offerings. The case reached a resolution in 2024, with Ripple paying a reduced civil penalty and gaining greater regulatory clarity for its operations.
Ripple has expanded beyond payments into custody services, acquiring Swiss custody provider Metaco in 2023 and later acquiring prime broker Hidden Road in 2025. The company has also launched Ripple USD (RLUSD), a stablecoin designed for enterprise use. Ripple continues to partner with banks and payment providers in Asia, the Middle East, Latin America, and Europe to modernize cross-border payment infrastructure.
Key Products
- RippleNet / On-Demand Liquidity — Cross-border payment network using XRP for instant settlement
- Ripple Custody — Institutional digital asset custody (via Metaco acquisition)
- Ripple USD (RLUSD) — Enterprise-focused stablecoin
- XRP Ledger — Open-source decentralized blockchain
Venture Capital Rounds
Ripple Labs: $500 million - Private
5-Nov-2025 | Financial Services
Description: Blockchain payments company enabling cross-border transactions, custody, prime brokerage, and corporate treasury management.
Investors: Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, Marshall Wace
Headquartered: San Francisco
Country: United States
Ripple Labs: $200 million - Series C
| Financial Services
Description: Ripple enables banks to open new revenue opportunities, lower processing costs and deliver better overall customer experiences.
Investors: Tetragon Financial Group, SBI Holdings, Route 66 Ventures
Headquartered: San Francisco
Country: United States
Ripple Labs: $55 million - Series B
| Financial Services
Description: Ripple enables banks to open new revenue opportunities, lower processing costs and deliver better overall customer experiences. Integrate once to access the full potential of Ripple’s growing network of financial institutions and liquidity providers.
Investors: Standard Chartered, Accenture Ventures, SCB Digital Ventures, Siam Commercial Bank, SBI Holdings, Santander InnoVentures, CME Ventures, Seagate Technology, Venture 51.
Headquartered: San Francisco
Country: United States
Ripple Labs: $32 million - First
| Financial Services
Investors: US futures, CME Group, Seagate Technology, AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, Wicklow Capital, Bitcoin Opportunity Corp, Core Innovation Capital, Route 66 Ventures, RRE Ventures, Santander InnoVentures, Vast Ventures, Venture 51
Headquartered: San Francisco
Country: United States
Ripple Labs: $3.5 million - Seed
| Financial Services
Investors: Camp One Ventures, Core Innovation Capital, Google Ventures, IDG Capital Partners, Individual Investors, Venture51
Headquartered: San Francisco
Country: United States
Ripple Labs: $3 million - Bridge
| Financial Services
Investors: Camp One Ventures, Core Innovation Capital, Google Ventures, IDG Capital Partners, Individual Investors, Venture51
Headquartered: San Francisco
Country: United States
Ripple Labs: $2.5 million - Bridge
| Financial Services
Investors: Andreessen Horowitz, Bitcoin Opportunity Fund, FF Angel IV, Lightspeed Venture Partners, Vast Ventures
Headquartered: San Francisco
Country: United States