Ripple Labs is reportedly leading an effort to raise at least $1 billion through a special purpose vehicle aimed at accumulating XRP, according to Bloomberg.
The raise will be conducted through a Special Purpose Acquisition Company (SPAC), with funds held within a new digital-asset Treasury (DAT) structure. Ripple itself plans to contribute a portion of its own XRP holdings, per the report, though the final terms remain under discussion.
If completed, the move would represent one of the largest single fundraises associated with XRP, one of the largest tokens in the world, which had a market capitalization of approximately $138 billion as of Friday.
The plan comes at a sensitive moment for the industry. Digital-asset markets are still digesting the fallout from last week’s US-China trade shock that triggered nearly $19 billion in liquidity across crypto, dragging major tokens lower and testing sentiment around speculative assets. Bitcoin slipped another 3% on Thursday, with altcoins seeing sharp drops.
Despite the volatility, Ripple appears to be hitting its long-term buildout early. The firm on Thursday also announced the $1 billion acquisition of Gtreasury, a provider of corporate Treasury software, positioning the deal as a bridge to finance leaders and managers experimenting with tokenized deposits and stablecoins.
The new XRP-focused dat mirrors the structures used by listed aggregators such as Michael Saylor’s Strategy Inc. and Japan’s Metaplanet, both of which saw their shares slide amid broader risk aversion.
Ripple’s initiative marks a rare institutional attempt to consolidate exposure to XRP. The company holds about 4.7 billion XRP directly, worth about $11 billion, while another 35.9 billion tokens sit in monthly on-ledger escrows that open over time.
The bet is that controlled wealth accumulation and management can bring stability – or at least predictability – to XRP supply dynamics as the token plays a growing role in payments and institutional safekeeping.
But with markets still fragile and sentiment thin, the timing is as encouraging as it is dangerous.
