Circle, Ripple and Figure drive record $6.2B funding boom

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Yaroslav Dmytrenko

24.12.2025

Circle, Ripple and Figure drive record $6.2B funding boom — Blockchain payments firms raise $6.2 billion, led by Circle

In 2025, payments companies raised $6.2 billion, a sharp increase compared to the $540 million raised in 2024. A small group of firms—including Circle, Figure, Ripple, Tempo, and Rapyd—secured more than half of the total funding.

This year’s record $6.2 billion represents a more than 1,000% increase in capital raised compared to last year, signaling that investors are betting heavily on blockchain-based financial infrastructure that is gradually transforming traditional payment systems.

Circle, Figure, Ripple, Tempo, and Rapyd together accounted for over half of the total yearly funding after jointly raising around $3.6 billion through public and private rounds, Cryptopolitan reports.

Stablecoin issuer Circle conducted a $1.05 billion IPO this year. In June, Circle’s IPO priced shares at $31, giving the company a valuation of $8.06 billion, backed by 15 investment banks including JP Morgan, Citigroup, and Goldman Sachs. Shares of the USDC issuer—operator of the world’s second-largest stablecoin by market cap—briefly surged above $123 on IPO day.

Blockchain lending platform Figure raised $1 billion in its September IPO, valuing the company at $7.6 billion. The firm has originated over $17 billion in home-equity-backed loans across the U.S., with Sixth Street investing $200 million in equity with reinvestment potential for future lending.

Ripple completed a $500 million funding round at a $40 billion valuation, led by funds managed by affiliates of Fortress Investment Group, Citadel Securities, Brevan Howard, Pantera Capital, Galaxy Digital, and Marshall Wace.

According to data compiled by Alex Občakevič, a payments data specialist at Polygon, more than 20 additional companies also secured significant funding rounds this year beyond the three headline leaders.

Major shifts in network development

In parallel, blockchain infrastructure designed for payments continued to advance. Občakevič highlighted over 35 blockchain networks, with leading platforms including Ethereum, Polygon, Solana, and Base, citing partnerships with Stripe, Visa, Mastercard, PayPal, and Revolut, among others.

He also highlighted Tempo, Plasma, and Arc as part of a “new wave of stablecoin infrastructure” built specifically to optimize global payments and settlement using stablecoins.

Tron and Ripple remain critically important for payment initiatives, with Tron processing over half of all global USDT stablecoin transactions. Meanwhile, Celo has played a major role in enabling stablecoin payments across Africa and Asia through initiatives like MiniPay and Noah.

As we wrote, From Davos to record highs: How Circle and USDC became biggest trend in digital finance

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