Investment Summary

Fortress, Citadel Securities and Galaxy Digital Invest In Ripple

On November 5, 2025, asset manager Fortress, Citadel Securities and Galaxy Digital invested in information technology company Ripple

Investment Highlights
  • This is Fortress’ 2nd, Citadel Securities’ 2nd and Galaxy Digital’s 2nd transaction in the Information Technology sector.
  • This is Fortress’ 36th, Citadel Securities’ 3rd and Galaxy Digital’s 2nd transaction in the United States.
  • This is Fortress’ 4th, Citadel Securities’ 1st and Galaxy Digital’s 1st transaction in California.

Investment Summary

Date 2025-11-05
Target Ripple
Sector Information Technology
Investor(s) Fortress
Citadel Securities
Galaxy Digital
Deal Type Growth Capital

Target

Ripple

San Francisco, California, United States
Ripple provides blockchain-based financial technology solutions for global payments, digital asset custody, and tokenization. The Company’s products enable financial institutions, payment providers, and digital banks to facilitate cross-border transactions, manage digital assets, and integrate stablecoin and liquidity management tools into their operations. Ripple was founded in 2012 and is headquartered in San Francisco, California.

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Investor(S) 3

Investor

Fortress

New York, New York, United States

Category Asset Manager
Founded 1998
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 49 of 49
Sector: Information Technology M&A 2 of 2
Type: Growth Capital M&A Deals 4 of 4
State: California M&A 4 of 4
Country: United States M&A 36 of 36
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-22 Omnispace

Tysons, Virginia, United States

Omnispace owns and operates global non-geostationary satellite infrastructure to provide mobile satellite services internationally in markets across Asia Pacific, South America, North America, Africa and the Middle East. Omnispace was founded in 2012 and is based in Tysons, Virginia.

Sell -
Investor

Citadel Securities

Chicago, Illinois, United States

Category Company
Founded 2002
Sector Financial Services
DESCRIPTION

Citadel Securities is a retail equities market maker, executing more then 10% of U.S. consolidated volume in listed equities and more then 30% of U.S. retail equities volume as well as more then 20% of U.S.-listed equity options volume.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Information Management Consultants - Designated Market Making Business

Chicago, Illinois, United States

Information Management Consultants' Designated Market Making (DMM) Business performs a critical role in facilitating price discovery during market openings, closings, and during periods of imbalance or volatility. DMMs have obligations to maintain fair and orderly markets at all times and under all circumstances.

Buy -
Investor

Galaxy Digital

New York, New York, United States

Category Company
Founded 2018
Sector Information Technology
Employees434
DESCRIPTION

Galaxy Digital is a diversified financial services firm dedicated to the digital asset, cryptocurrency, and blockchain technology industry. Galaxy Digital operates four synergistic business lines: trading (arbitrage, macro, market making/OTC), asset management (passive and active strategies, including venture capital), principal investing, and investment banking services (capital markets and M&A). Galaxy Digital was founded in 2018 and is based in New York, New York.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-28 Argo Blockchain s Helios Facility

Dickens, Texas, United States

Argo Blockchain's Helios Facility is a mining facility that includes a 126,000-square-foot data center and supports 200 MW of electricity (approximately 50,000 mining machines). In total, Helios has access to 800 MW of electricity from a neighboring substation. Additionally, the facility is designed to utilize Argo’s proprietary immersion-cooling technology which allows for cost-effective, high-speed mining in warmer climates. Argo Blockchain's Helios Facility is based in Dickens, Texas.

Buy $65M