Ripple Labs Secures Significant Funding Since 2019
This week marked a notable surge in funding for stablecoins and crypto infrastructure, with the industry on track to reach $25 billion in investments this year. Despite a significant market downturn that wiped out $500 billion in October, venture capitalists remain undeterred, showing an increasing willingness to invest in crypto startups. Eva Oberholzer, the chief investment officer at Ajna Capital, stated that investors are now focusing on tangible revenue, sound unit economics, and robust risk management across treasury, counterparty, and leverage aspects.
The October market correction prompted many venture capitalists to adopt a more cautious approach, according to Oberholzer. However, she emphasized that strong teams will continue to attract funding, particularly in sectors such as blockchain infrastructure and real-world assets. She anticipates a quieter fourth quarter as investors conduct due diligence, followed by a gradual increase in investment if market conditions stabilize. Historically, institutional investors tend to ramp up their allocations following a market reset and a few months of stability, suggesting that significant investments could materialize between late 2025 and early 2026.
Oberholzer’s insights come amidst reports that twelve crypto companies successfully raised over $666 million in just the first week of November, as per data from DefiLlama. This influx brings the total investment in crypto ventures to $22 billion for 2025, effectively doubling the total from the previous year. Notable backers like Codebase and Galaxy Ventures predict that the total investments could reach $25 billion for this year. Analysts are optimistic that investments in crypto will gain momentum in 2026, primarily driven by favorable regulatory changes in the United States. Key developments include the appointment of industry advocates to significant government roles, the introduction of pro-sector executive orders, the enactment of a pivotal stablecoin law, and the anticipated markets bill—all bolstered by continued support from prominent political figures like Donald Trump.
For Oberholzer, these factors are indicative of a forthcoming “funding resurgence” by mid-2026. She foresees an increase in institutional commitments towards crypto-native managers, direct institutional involvement in blockchain protocols, and ongoing community engagement.
Crypto Companies Achieving Major Fundraising Milestones in November
Ripple Labs stands out as a significant player in the recent funding landscape, having raised $500 million, which has effectively tripled its valuation to $40 billion. This funding round, announced on November 5, represents Ripple’s largest capital raise since 2019 and has garnered support from prominent financial institutions, including Citadel Securities, Fortress Investment Group, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. Ripple indicated that these funds will enhance its relationships with financial partners and facilitate expansion into new business areas.
This substantial raise highlights the broader trend of financial institutions increasingly investing in the crypto sector, a movement accelerated by new stablecoin regulations. Earlier this year, Kraken achieved a $15 billion valuation through fundraising for an acquisition, with reports suggesting that the crypto exchange is now seeking additional funds at a $20 billion valuation. Meanwhile, competitors Coinbase, Circle, and Gemini hold market caps of $78 billion, $25 billion, and $1.8 billion, respectively.
Established in 2012, Ripple leverages the XRP Ledger to facilitate blockchain-based cross-border payments. However, the company’s ambitions extend beyond this, having acquired GTreasury for $1 billion and non-bank prime broker Hidden Road for $1.25 billion in the past year, positioning itself to compete with major players like Circle, Stripe, and Western Union as the industry pivots towards stablecoin-based payment solutions.
Canaan Inc. Secures $72 Million in Strategic Investment
Canaan Inc., a publicly traded crypto mining and high-performance computing firm, announced on November 4 that it has successfully raised $72 million through strategic equity investment from esteemed institutional backers, including Brevan Howard’s BH Digital, Galaxy Digital, and Weiss Asset Management. This deal, which involves a direct purchase of 63.7 million American depositary shares priced at $1.13 each, is devoid of any warrants or complex financial instruments, signaling strong investor confidence in the company’s fundamentals and long-term strategies.
Canaan’s CEO, Nangeng Zhang, noted that this straightforward equity deal signifies a pivotal shift in their capital strategy, aligning them with investors focused on fundamentals and reinforcing their commitment to nurturing the Bitcoin ecosystem through various market cycles.
Future Holdings Raises Over $34 Million for Bitcoin Treasury Development
Swiss-based Future Holdings, a firm focused on Bitcoin treasury management, has successfully raised over $34 million in a strategic funding round aimed at establishing itself as “Europe’s premier Bitcoin treasury company.” Announced on November 5, this funding round received backing from investors such as Fulgur Ventures, Nakamoto, and TOBAM, reflecting a growing institutional interest in Bitcoin-centric financial infrastructure within Europe.
The company maintains Bitcoin on its balance sheet and offers a suite of services including treasury management, custody solutions, institutional research, and advisory services, with the goal of linking Bitcoin to global capital markets through a regulated platform based in Switzerland.
You are now reading the latest edition of The Weekly Raise, a column dedicated to highlighting fundraising efforts within the crypto and DeFi sectors, powered by DefiLlama.
