Ripple buyback values firm at $50 billion

Ripple has begun a share buyback that could value the company at about $50 billion. The blockchain payments firm plans to repurchase up to $750 million in shares from investors and employees through a tender offer expected to run through April. Ripple is a major contributor to the XRP Ledger network, a blockchain designed for banks and payment firms to move money across borders and settle transfers in seconds.

The firm said it has processed over 100 billion in transactions across its payments ecosystem. The company has been expanding through acquisitions and building services around trading and digital asset infrastructure, including the $1.25 billion purchase of prime brokerage Hidden Road and buying corporate treasury business GTreasury for $1 billion.

The firm also issues a U.S. dollar stablecoin, the $1.5 billion RLUSD$0.9999, via its custody arm.

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