Ripple Labs Inc. is reportedly involved in a fundraising effort, aiming to raise at least $1 billion through a special-purpose vehicle (SPV) designed to accumulate XRP. According to a Bloomberg report, Ripple plans to leverage a special-purpose acquisition company (SPAC) to facilitate the capital raise.
The funds will be stored within a newly established digital-asset treasury (DAT) structure, with Ripple contributing some of its own XRP holdings. While the parties discuss the specifics of the deal, they expect the move to become one of the largest XRP-related fundraisers in the crypto space.
For context, Ripple controls approximately 4.74 billion XRP, valued at around $11 billion, and holds an additional 35.9 billion tokens in escrow, unlocking them over time. This controlled accumulation of XRP aims to bring certainty and stability to the token’s market dynamics, positioning it as a key asset in institutional finance.
Meanwhile, the fundraising comes during a period of heightened uncertainty in the digital asset market. Recently, the crypto industry has faced big challenges following a U.S.–China trade tension that led to $19 billion in liquidations across the market. These events have impacted major cryptocurrencies, including XRP, which experienced a notable decline.
Ripple’s Strategic Acquisition of GTreasury
In other news, Ripple also made waves in the corporate treasury sector with the company’s CEO Brad Garlinghouse announcing its acquisition of GTreasury, a leading provider of treasury management software. This acquisition is part of Ripple’s broader strategy to enhance its offerings in the corporate finance space.
GTreasury’s expertise will help Ripple provide advanced treasury management solutions, which include support for tokenized deposits and stablecoins. Ripple’s growing influence in institutional finance points to its efforts to integrate blockchain technology into mainstream financial systems.
Growing Interest in XRP as a Treasury Asset
Ripple’s plan to accumulate XRP through the new DAT structure serves as its strategy to stabilize the token’s supply pattern, particularly as XRP takes on an increasing role in institutional payments and custody.
The development comes amid growing interest in XRP as a potential reserve asset. Earlier this year, the U.S. government announced plans to create a digital asset stockpile that would include several tokens, including XRP. Additionally, institutions such as VivoPower and Wellgistics Health have unveiled their own XRP treasury initiatives.
Now, Ripple is reportedly pursuing a similar move, seeking to raise $1 billion to purchase and hold XRP — a step that could extend the token’s utility beyond payments and position it as a strategic reserve asset.
Evans Kelvin
Brenda Kanana
