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.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
