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Ripple, the blockchain payments company behind the XRP Ledger network, has launched a share buyback program that places its valuation at approximately $50 billion. According to a source familiar with the matter, the firm is offering to repurchase up to $750 million in shares from investors and employees through a tender offer expected to close in April.
The XRP Ledger was built to help banks and financial institutions move money across borders quickly and efficiently, settling transfers within seconds. Ripple reports that its payments ecosystem has facilitated more than $100 billion in total transactions, cementing its position as a key player in cross-border financial infrastructure.
The company has been aggressively expanding its footprint through high-profile acquisitions. Notable deals include the $1.25 billion purchase of prime brokerage firm Hidden Road and a $1 billion acquisition of corporate treasury platform GTreasury. Ripple also issues RLUSD, a U.S. dollar-pegged stablecoin with a market capitalization of approximately $1.5 billion, managed through its custody division.
This buyback follows closely on the heels of a major fundraising milestone. Just last November, Ripple secured $500 million at a $40 billion valuation from prominent institutional investors including Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
The new $50 billion valuation represents a 25% increase from that November round — a notable achievement considering that the broader crypto market has experienced a significant pullback over the same period, with both Bitcoin and XRP declining roughly 30% to 40%.
The buyback program was first reported by Bloomberg. Ripple's continued growth trajectory and rising valuation suggest strong internal confidence in the company's long-term strategy, even as digital asset markets navigate a period of volatility and uncertainty.
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