Ripple has purchased again shares from its Sequence C funding spherical, which raised the corporate’s valuation to $15 billion, in response to CEO Brad Garlinghouse. He added that regardless of the lawsuit by the U.S. Securities and Alternate Fee (SEC) over the standing of XRP cryptocurrency, Ripple had the most effective yr on report.
Ripple’s $15 Billion Valuation and ‘Greatest 12 months on Document’
Ripple CEO Brad Garlinghouse introduced through Twitter Wednesday that Ripple has purchased again its Sequence C shares at a $15 billion valuation.
The CEO described that “Even with 2021’s headwinds, it was our greatest yr on report,” including that Ripple’s monetary place is the strongest it has ever been, with $1 billion {dollars} within the financial institution.
In December 2019, the corporate raised $200 million within the Sequence C funding spherical, led by Tetragon. SBI Holdings and Route 66 Ventures additionally participated. In line with reviews, the corporate’s valuation was $10 billion after the Sequence C funding spherical.
Noting that “decelerate” will not be in Ripple’s vocabulary for 2022, Garlinghouse proceeded to clarify the progress of Ripplenet and Ripplex in follow-up tweets Wednesday.
Concerning Ripplenet, he mentioned that the community has a quantity run fee of greater than $10 billion immediately. As well as, Ripplex is “establishing a mess of capabilities to the XRP ledger – NFTs, CBDCs, interoperability bridges, sidechains, and a lot extra,” the chief defined.
In December, Garlinghouse equally mentioned that Ripple had their strongest yr ever regardless of the continued lawsuit introduced by the U.S. Securities and Alternate Fee (SEC) over the standing of XRP cryptocurrency.
The SEC filed the lawsuit in opposition to Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020 alleging that the sale of XRP was an unregistered securities providing. Garlinghouse believes that the lawsuit will conclude this yr.
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