Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Ripple Labs leads $1 billion raise for new XRP treasury: Bloomberg

Ripple Labs leads $1 billion raise for new XRP treasury: Bloomberg

The Block2025/10/15 16:00
By: By Danny Park
BTC+0.62%XRP+2.93%
Quick Take Ripple Labs is leading an effort to raise $1 billion for a new XRP treasury, Bloomberg reported.
Ripple Labs leads $1 billion raise for new XRP treasury: Bloomberg image 0

Ripple Labs is leading an effort to raise at least $1 billion to establish a new digital asset treasury for XRP , Bloomberg reported, citing sources familiar with the matter.

According to the report , the fundraise is set to be made via a special purpose acquisition company, with Ripple contributing its own XRP holdings. The details of the raise and the transaction structure are still being discussed and remain subject to change, the report said.

The Block has reached out to Ripple Labs for comment.

While bitcoin and ether have dominated the crypto market narrative this year, particularly around institutional adoption, XRP has gained notably less traction as a base asset for DATs.

If successfully established, the new entity could become the largest digital asset treasury dedicated to XRP. In June, Singapore-based Trident Digital announced plans to raise $500 million to build an XRP treasury.

However, the DAT model is now under scrutiny, as key firms, including Strategy, Metaplanet, and BitMine, have seen their market performance falter, with their enterprise values falling below the value of their underlying crypto holdings.

Meanwhile, this report coincides with Ripple's announcement earlier on Thursday that it acquired GTreasury , a Chicago-based fintech company that specializes in providing treasury management system software and solutions, for $1 billion.

Ripple said in the announcement that it aims to open up the multi-trillion dollar corporate treasury market and gain access to many of the largest and most successful corporate customers. 

The two companies said they will initially focus on enabling customers to tap into the global repo market as well as enabling real-time cross-border payments at competitive rates.

XRP, the world's fifth-largest cryptocurrency, fell 3.33% in the past 24 hours to trade at $2.35 amid a broader market downturn.


Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BNY Mellon Empowers Crypto Ecosystem with Robust Infrastructure

In Brief BNY Mellon enhances its crypto ecosystem role through infrastructure services, not its own coin. The bank supports stablecoin projects instead of launching an altcoin amid positive market conditions. BNY Mellon prioritizes infrastructure over token issuance, promoting collaboration and ecosystem strength.

Cointurk2025/10/18 21:27
Crypto Surge Revives Investor Optimism

In Brief The crypto market exhibits signs of recovery post-major liquidations. Ethereum, Dogecoin, Cardano, and XRP have shown significant gains. Technological innovations and ETF expectations contribute to market optimism.

Cointurk2025/10/18 21:27

Trending news

More
1
BNY Mellon Empowers Crypto Ecosystem with Robust Infrastructure
2
Crypto Surge Revives Investor Optimism

Crypto prices

More
Bitcoin
Bitcoin
BTC
$107,086.89
-0.31%
Ethereum
Ethereum
ETH
$3,883.2
+0.13%
Tether USDt
Tether USDt
USDT
$1
+0.02%
BNB
BNB
BNB
$1,089.74
+0.33%
XRP
XRP
XRP
$2.36
+1.41%
Solana
Solana
SOL
$186.68
+0.68%
USDC
USDC
USDC
$1
+0.04%
TRON
TRON
TRX
$0.3132
+1.02%
Dogecoin
Dogecoin
DOGE
$0.1891
+1.03%
Cardano
Cardano
ADA
$0.6336
+0.17%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter