Ripple Labs has initiated a strategic fundraising initiative aimed at bolstering its XRP holdings by at least $1 billion, according to people familiar with the matter. The capital will be raised through a special purpose acquisition company (SPAC) that will serve as the vehicle for a new digital-asset treasury (DAT) structure, mirroring models used by high-profile crypto accumulators.
The proposed fundraise comes at a delicate juncture for the broader crypto market, which has recently weathered over $19 billion in liquidations triggered by a U.S.–China trade shock. While Bitcoin and major altcoins experienced sharp declines, Ripple is pressing ahead with long-term buildout plans aimed at institutional and enterprise clients.
In tandem with the fundraising effort, Ripple recently announced the acquisition of GTreasury, a corporate treasury software provider with over 40 years of industry expertise. The deal is expected to enhance Ripple’s offerings by integrating tokenized deposit and stablecoin solutions into traditional treasury workflows, targeting CFOs and treasurers seeking real-time, low-cost cross-border payment capabilities.
Under the new DAT structure, funds raised via the SPAC will be held in XRP, with Ripple committing a portion of its own token reserves to demonstrate alignment of interests. Final deal terms remain under discussion, including potential management fees and lock-up provisions designed to prevent rapid token sell-offs.
If completed, the $1 billion accumulation would rank among the largest single fundraises directly tied to XRP, which currently commands a market capitalization of approximately $138 billion. Ripple already holds about 4.7 billion XRP—worth roughly $11 billion—and controls an additional 35.9 billion tokens in monthly escrows that release gradually over time.
The initiative represents a rare institutional-scale push to consolidate a major token’s supply dynamics, leveraging structured treasury management to potentially reduce price dispersion and volatility. By aligning accumulation schedules with market conditions and leveraging strategic partnerships, Ripple aims to foster greater predictability for corporate clients and investors.
Market analysts noted that while the move carries execution risk—especially if token prices remain under pressure—it demonstrates Ripple’s commitment to building enterprise-grade solutions and deepening its role in bridging digital assets with legacy financial infrastructure. The success of the fundraise and GTreasury integration will be closely watched as indicators of mainstream institutional adoption of tokenized treasury services.
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