Bloomberg: Ripple's Recent $500 Million Funding Round Includes "Investor Return Protection" Clause

BlockBeats News, December 8th, according to Bloomberg, Ripple Labs set terms in a recent $500 million stock sale at a valuation of up to $40 billion that allowed investors to sell their shares back at a higher price, essentially providing a profit protection mechanism for investors including Citadel.

BlockBeats previously reported that, according to CNBC, Ripple, a digital asset and infrastructure company, stated in early November that it had completed a $500 million funding round, valuing the company at $40 billion. The round was led by funds managed by the following institutions: Fortress Investment Group affiliates, Citadel Securities affiliates, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.