-
Ripple Labs is leading a $1 billion fundraise to launch a new XRP-focused digital asset treasury.
-
The initiative may become the largest XRP treasury to date.
-
Ripple also announced a $1 billion acquisition of fintech firm GTreasury.
Building an XRP Treasury
Ripple Labs is spearheading an effort to raise at least $1 billion through a special purpose acquisition company to create a new XRP digital asset treasury, according to Bloomberg. Ripple is expected to contribute its own XRP holdings to the fund.
If completed, the entity would be the largest dedicated XRP treasury in existence, surpassing Singapore-based Trident Digital’s $500 million target from earlier this year.
Market Context and Strategy
The news comes as XRP struggles to gain momentum against bitcoin and ether in institutional markets. Ripple’s initiative is seen as a strategic move to strengthen XRP’s use cases and liquidity base.
Ripple also announced the $1 billion acquisition of GTreasury, a Chicago-based fintech specializing in treasury management software. The acquisition gives Ripple access to corporate treasury clients and new opportunities in the global repo and cross-border payments markets.
Outlook for XRP
XRP, the world’s fifth-largest cryptocurrency, is trading at around $2.35 after a 3% daily drop amid broader market weakness. Ripple hopes the new treasury will attract long-term institutional partners and help stabilize market performance.
