Institutional Investment

Ripple secured $500 million in funding, valuing the company at $40 billion. Led by Fortress Investment Group, Citadel Securities, and others, the funding reflects institutional interest and a perceived favorable shift in US crypto regulation. Ripple will use the capital to expand its product portfolio beyond payments through strategic acquisitions. While not currently focused on an IPO, Ripple aims to deepen relationships with financial partners and contribute to its ongoing “record year of growth”, focusing on digital asset solutions for institutions including crypto asset custody and stablecoins.

Avalanche Treasury Co. (AVAT) will merge with Mountain Lake Acquisition Corp. (MLAC) in a deal exceeding $675 million, aiming for a Nasdaq listing in Q1 2026. AVAT will invest in the Avalanche ecosystem, managing a digital asset treasury exceeding $1 billion. The deal includes an exclusive agreement with the Avalanche Foundation and values AVAT at 0.77x mNAV, a 23% discount. The merger signifies growing institutional interest in Avalanche, with notable participation from various investors.