Ripple Labs Eyes $1B Fund for XRP Digital Asset Push: Bloomberg
Ripple Labs is spearheading a major initiative to raise at least $1 billion to create a new digital asset treasury (DAT) dedicated to XRP, according to a Bloomberg report citing sources familiar with the matter.
The fundraise is expected to be conducted through a special purpose acquisition company (SPAC), with Ripple contributing some of its own XRP holdings.
However, the report noted that the structure and details of the transaction are still under discussion and may change.
XRP Treasury Could Become the Largest of Its Kind
If successfully established, the new entity would become the largest digital asset treasury dedicated to XRP, marking a significant move to strengthen the token’s institutional presence.
Currently, bitcoin and ether dominate much of the institutional adoption narrative, while XRP has struggled to gain the same level of traction as a base asset for DATs.
Earlier this year, Trident Digital, a Singapore-based firm, announced plans to raise $500 million to build its own XRP treasury, suggesting growing interest in XRP-based financial products.
Ripple’s latest initiative could effectively double that scale, signaling renewed confidence in the asset’s long-term role within tokenized finance.
DAT Model Faces Market Headwinds
Despite the growing attention toward digital asset treasuries, the model itself faces challenges. Several prominent DAT-oriented firms—including Strategy, Metaplanet, and BitMine—have experienced declining market performance, with their enterprise values now falling below the value of their underlying crypto holdings.
Those declines have raised concerns about the sustainability of DATs as a business model, even as interest in tokenized reserves and corporate digital asset balance sheets continues to rise.
Ripple Acquires GTreasury for $1 Billion
The fundraising effort coincides with Ripple’s announcement on Thursday that it has acquired GTreasury, a Chicago-based fintech company specializing in treasury management software and solutions, in a $1 billion deal.
Ripple said the acquisition aims to expand its reach into the multi-trillion-dollar corporate treasury market, allowing it to engage with large enterprise clients seeking digital liquidity solutions.
Both companies plan to focus initially on providing clients access to the global repo market and enabling real-time cross-border payments at competitive rates, blending GTreasury’s established systems with Ripple’s blockchain-based infrastructure.
Following the announcements, XRP, the world’s fifth-largest cryptocurrency, fell 2.73% in the past 24 hours to trade around $2.35, mirroring a broader downturn across the crypto market.
XRP price (Source: CoinMarketCap)
The move suggests investor caution despite Ripple’s growing ambitions in the digital asset and corporate finance sectors. If successful, however, the $1 billion XRP treasury could redefine Ripple’s positioning within the institutional crypto landscape.
