Ripple Labs Leads $1 Billion Raise for XRP Treasury Firm: Report

Summary

Ripple Labs is leading a fundraising effort of at least $1 billion via a SPAC to create a new XRP digital asset treasury, and will seed the vehicle with some of its own XRP holdings. The move follows Ripple’s completion of a $1 billion acquisition of treasury software firm GTreasury and plans to access the global repo market through prime broker Hidden Road. If completed, the fund would be the largest XRP treasury to date and could deepen institutional liquidity, influence XRP supply dynamics, and accelerate adoption of XRP-based treasury management.