RZR, the global digital currency that is backed by Ripple, is currently available for business as a secure digital currency.
The company says its technology allows businesses to operate in the modern economy.
Ripple, founded in 2011, has already launched a blockchain-based currency that it hopes will replace the US dollar.
The project has faced problems with the government of Bangladesh and the US.
In the US, the Justice Department is investigating whether Ripple breached a federal securities law by offering its digital currency to customers for investment purposes.
Meanwhile, a number of states, including Texas, Kansas, and New York, have also passed legislation to restrict the use of Ripple.
The RZRs project has raised $4.4 million from investors and more than 20 other firms.
The funding will be used to continue to develop the technology, as well as to hire more staff and to help secure the network.
The project was launched in the summer of 2016 and has grown rapidly.
The RZRS project was founded in partnership with Rizvi, a company founded by MIT researchers who want to develop a technology to allow the creation of digital assets.