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Ripple, the blockchain firm behind XRP (CRYPTO: XRP), announced a $500 million strategic investment, strengthening its already record year of growth.

What Happened: Ripple announced the investment at a $40 billion valuation, backed by top institutional investors including Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?

The new funding follows Ripple’s record-breaking year and its earlier $1 billion tender offer, signalling…