Daniel Walker
Ripple Labs is reportedly working on a $1 billion fundraising initiative aimed at creating a dedicated digital asset treasury for XRP, according to a Bloomberg report citing people familiar with the matter.
The plan involves setting up a special purpose acquisition company (SPAC) through which Ripple would contribute a portion of its existing XRP holdings. While discussions remain ongoing, both the fundraising amount and the structure of the transaction are subject to change, the report noted.
If completed, the proposed fund would represent the largest XRP-focused digital asset treasury to date. Earlier this year, Singapore-based Trident Digital announced its intention to raise $500 million to establish a similar XRP treasury, signaling growing institutional interest in XRP-based financial infrastructure.
Despite Bitcoin and Ethereum dominating headlines for their institutional adoption momentum, XRP has struggled to gain comparable traction as a base asset for digital asset treasuries (DATs). Analysts suggest that Rippleโs initiative could help reinvigorate XRPโs utility narrative and attract a new wave of strategic investors.
However, the DAT model has recently faced skepticism, as firms like Strategy, Metaplanet, and BitMine have seen their market valuations fall below the value of their crypto holdings, raising concerns over the sustainability of such treasuries.
Rippleโs $1 Billion Acquisition of GTreasury Adds Strategic Depth
The fundraising news comes on the same day Ripple announced its $1 billion acquisition of GTreasury, a Chicago-based fintech firm specializing in corporate treasury management software and solutions.
According to Ripple, the acquisition aims to open access to the multi-trillion-dollar corporate treasury market, positioning the company to serve some of the largest global enterprises. The two firms will initially collaborate to offer real-time cross-border payments and global repo market access with competitive transaction rates.
XRP Price Faces Pressure Despite Ambitious Expansion
Amid these developments, XRPโcurrently the fifth-largest cryptocurrency by market capitalizationโfell 3.33% in the past 24 hours to $2.35, reflecting the broader downturn across digital asset markets.
Market analysts suggest that while Rippleโs twin initiatives could bolster long-term confidence in XRPโs ecosystem, short-term volatility may persist as investors weigh execution risks against the companyโs expanding ambitions.
