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Ripple's invitation-only conference for banks and payment firms.
NOV
4–5
2025
Swell 2025 was Ripple's yearly conference, held in New York on 4 and 5 November. Ripple announced a $500 million investment at a $40 billion valuation during the event.
Swell is Ripple's own conference and has run since 2017. It is aimed at banks, payment companies, asset managers and regulators more than at retail traders, and attendance is by invitation. The 2025 edition was held in New York, with Convene Hudson Yards announced as the venue.
On the second day Ripple said it had closed a $500 million strategic investment led by Fortress Investment Group and Citadel Securities at a $40 billion valuation. It also said its RLUSD stablecoin had passed $1 billion in market value.
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Ripple announced a $500 million investment at a $40 billion valuation during Swell.
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Ripple said its RLUSD stablecoin had passed $1 billion in market value.
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Attendance was by invitation, with a crowd drawn mostly from finance and policy.
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Ripple's president told Fortune at the event that stablecoin payments were driving customer growth.
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