Ripple Leads $1 Billion Fundraising for XRP Treasury Establishment

Ripple Labs Inc. is spearheading a fundraising initiative to gather at least $1 billion (approximately 150 billion yen) for the establishment of a digital asset treasury company specialized in XRP, as reported by Bloomberg. The funds will be raised through a Special Purpose Acquisition Company (SPAC) and are intended to be allocated for the accumulation of XRP tokens. Ripple plans to contribute a portion of its own XRP holdings as well. As of July 31, Ripple held approximately 4.74 billion XRP, valued at around $11 billion. If successful, this fundraising will create the largest digital asset holding company focused specifically on XRP...