Share this article
Santander InnoVentures Adds $4 Million to Ripple’s Series A Round
Ripple has received an estimated $4m in funding from Santander InnoVentures, bringing its Series A total to $32m.
Updated Sep 11, 2021, 11:54 a.m. Published Oct 6, 2015, 9:43 a.m.
Ripple has received an estimated $4m in funding from Santander InnoVentures, bringing its Series A total to $32m.
The Spanish banking group's FinTech fund joins a combination of new and existing investors, including VC funds of US futures and options exchange CME Group and data storage firm Seagate Technology.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ripple, now being tested by a number of banks, has bought in $41m to date. Speaking about the additional investment, CEO and co-founder Chris Larsen said in a statement:
"Santander InnoVentures is a natural fit in this round because of their demonstrated support for real-time international payments and their commitment to new technologies that enable Santander to empower its customers.
He continued: "We are excited to work closely with them in building the Internet of Value and accelerating adoption among financial institutions, market makers and businesses worldwide."
The investment comes after Mariano Belinky, managing partner at Santander InnoVentures told CoinDesk that distributed ledger technology could transform the banking industry.
Belinky said: "We believe Ripple possesses the talent, technology, and momentum to address many of these scenarios, and are actively exploring where and how to best apply Ripple technology inside the bank. Ripple and Santander share a common vision of the future of the industry, and we intend to jointly advocate it in the community."
Back in June, Santander also commissioned The FinTech 2.0 Paper which found that blockchain technologies could reduce banks' infrastructural costs by $15–$20bn a year by 2022 through eradicating central authorities and bypassing slow, expensive payment networks.
Featured image: JuliusKielaitis / Shutterstock.com
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
