[Ripple Completes $500 Million Financing, Led by Galaxy Digital and Others] BlockBeats news, November 5, according to CNBC, digital asset and infrastructure company Ripple announced on Wednesday that it has completed $500 million in financing, raising the company's valuation to $40 billion. This financing comes after a series of acquisitions by the company, while its product line is expanding from single-payment solutions to broader services. Industry insiders believe that following Donald Trump's election as U.S. President and the passage of the landmark stablecoin regulation GENIUS Act, the U.S. environment has become more favorable for crypto and digital asset companies, which are now seeking to accelerate their development. Ripple, closely associated with the cryptocurrency XRP, stated that this round of financing was led by funds managed by the following institutions: Fortress Investment Group affiliate fund, Citadel Securities affiliate fund, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.