$40 billion valuation! A certain payment protocol has completed $500 million in financing, with its business landscape expanding comprehensively.

[Coin World] Recently, a major financing deal has shaken the encryption circle — a well-known payment protocol company secured a strategic investment of $500 million, with its valuation skyrocketing to $40 billion. The leading investors are the two TradFi giants Fortress Investment Group and Citadel Securities, and the lineup of co-investors is equally impressive: Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace have all participated.

The CEO of the company expressed confidence when speaking publicly, stating that this round of financing proves the market's recognition of them. Indeed, their current business line is no longer just about payment — custody services, stablecoin issuance, and XRP-based prime brokerage are all being advanced simultaneously. It is worth mentioning that this financing closely follows their previous $1 billion tender offer, and the new funds also include newly issued common stock.

The data aspect can better illustrate the issue. Through the acquisition of targets like Metaco and Rail, their payment transaction scale has already exceeded $95 billion. The market value of their self-issued stablecoin RLUSD has also surpassed $1 billion. From a single payment tool to a comprehensive financial service provider, this transformation path has been quite stable.