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 On November 5, according to reports, digital asset and infrastructure company Ripple said it had completed US$500 million in financing, raising its company valuation to US$40 billion.  Participants include Fortress Investment Group affiliated funds, Citadel Securities affiliated funds, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. It is reported that Ripple (also known as Ripple) is a global cross-border payment network created by Ripple Labs and based on distributed ledgers. It claims to be able to realize global transactions of any scale safely, instantly and almost free of charge. Its CEO Brad Garlinghouse believes that regulation should focus on results rather than the technology itself, while Ripple President Monica Long made it clear in an interview with Bloomberg that we have no IPO timetable. No plan, no timetable.  |
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