
Subscribe to our News & Services <br> Subscribe to our News & Services <br> FM ALL News <br> FM Crypto <br> Follow us on Twitter <br> Follow us on Linkedin <br>Ripple Labs, a big name in cross-border payments using blockchain, is raising at least $1 billion to procure XRP tokens to hold in a digital asset treasury (DAT), <em data-v-75f3955d>Bloomberg </em>reported.<br><a href="https://events.financemagnates.com/event/FMLS25/register?RefId=Article&utm_campaign=Article&utm_medium=J-Article&utm_source=registration&utm_term=Finance%2520Magnates-%2520Article" target="_blank" rel="nofollow noopener noreferrer" data-saferedirecturl="https://www.google.com/url?q=https://events.financemagnates.com/event/FMLS25/register?RefId%3DArticle%26utm_campaign%3DArticle%26utm_medium%3DJ-Article%26utm_source%3Dregistration%26utm_term%3DFinance%252520Magnates-%252520Article&source=gmail&ust=1760760798130000&usg=AOvVaw1P_znWh3h40aD-n2Be5RJJ" data-v-75f3955d><strong data-v-75f3955d>Digital assets meet tradfi in London at the FMLS25.</strong></a><br>This came hours after the blockchain giant announced its decision to acquire the treasury management firm GTreasury <a href="https://www.financemagnates.com/cryptocurrency/ripple-makes-1b-bet-on-corporate-treasury-payments-with-gtreasury-acquisition-deal/" target="_self" data-v-75f3955d>in a deal valued at $1 billion</a>. However, there is no visible connection between the prospective XRP treasury and GTreasury’s acquisition.<br>The <a href="https://www.bloomberg.com/news/articles/2025-10-17/ripple-labs-said-to-lead-1-billion-fundraise-for-xrp-hoard" target="_blank" rel="nofollow noopener noreferrer" data-v-75f3955d>report </a>further outlined that the San Francisco-headquartered company will raise substantial funds through a special purpose acquisition company (SPAC) and contribute its own XRP to the DAT.<br>Ripple held 4.74 billion XRP tokens in its crypto wallets at the end of July, which were worth about $11 billion at current market prices. The company has another 35.9 billion XRP locked up inside its “on-ledger escrow” and releases a certain portion of them monthly.<br>However, there is no official confirmation of the move yet, and the exact terms of the transaction are reportedly still under discussion and could change.<br>The XRP token is closely linked to Ripple. The company even fought a lengthy court battle against the US Securities and Exchange Commission over the status of the cryptocurrency.<br>According to CoinMarketCap, XRP is the fifth-largest cryptocurrency, with a market cap of about $137.5 billion as of press time. The token recently lost a significant portion of its value in the recent market downturn and is trading much lower than its peak above $3.50 apiece.<br>Adding cryptocurrencies to corporate treasuries has become a trend. Although <a href="https://www.financemagnates.com/trending/michael-saylors-bitcoin-price-prediction-suggests-btc-will-move-up-to-a-new-all-time-high-by-end-of-2025/" target="_self" data-v-75f3955d>Strategy’s Michael Saylor</a> hoarded billions of dollars’ worth of Bitcoin for his business intelligence company’s treasury, more than 300 entities now hold the top cryptocurrency, according to BitcoinTreasuries.net.<br>Although many companies also hold Ether, hardly anyone buys XRP. Sustainable-energy firm VivoPower International is an exception, having announced a $121 million fundraising effort to procure XRP last May.<br>Earlier this year, Ripple <a href="https://www.financemagnates.com/cryptocurrency/ripple-acquires-hidden-road-for-125-billion-becomes-first-crypto-company-with-multi-asset-prime-broker/" target="_self" data-v-75f3955d>agreed to buy crypto prime broker Hidden Road in a $1.25 billion deal</a>.<br>Ripple Labs, a big name in cross-border payments using blockchain, is raising at least $1 billion to procure XRP tokens to hold in a digital asset treasury (DAT), <em data-v-75f3955d>Bloomberg </em>reported.<br><a href="https://events.financemagnates.com/event/FMLS25/register?RefId=Article&utm_campaign=Article&utm_medium=J-Article&utm_source=registration&utm_term=Finance%2520Magnates-%2520Article" target="_blank" rel="nofollow noopener noreferrer" data-saferedirecturl="https://www.google.com/url?q=https://events.financemagnates.com/event/FMLS25/register?RefId%3DArticle%26utm_campaign%3DArticle%26utm_medium%3DJ-Article%26utm_source%3Dregistration%26utm_term%3DFinance%252520Magnates-%252520Article&source=gmail&ust=1760760798130000&usg=AOvVaw1P_znWh3h40aD-n2Be5RJJ" data-v-75f3955d><strong data-v-75f3955d>Digital assets meet tradfi in London at the FMLS25.</strong></a><br>This came hours after the blockchain giant announced its decision to acquire the treasury management firm GTreasury <a href="https://www.financemagnates.com/cryptocurrency/ripple-makes-1b-bet-on-corporate-treasury-payments-with-gtreasury-acquisition-deal/" target="_self" data-v-75f3955d>in a deal valued at $1 billion</a>. However, there is no visible connection between the prospective XRP treasury and GTreasury’s acquisition.<br>The <a href="https://www.bloomberg.com/news/articles/2025-10-17/ripple-labs-said-to-lead-1-billion-fundraise-for-xrp-hoard" target="_blank" rel="nofollow noopener noreferrer" data-v-75f3955d>report </a>further outlined that the San Francisco-headquartered company will raise substantial funds through a special purpose acquisition company (SPAC) and contribute its own XRP to the DAT.<br>Ripple held 4.74 billion XRP tokens in its crypto wallets at the end of July, which were worth about $11 billion at current market prices. The company has another 35.9 billion XRP locked up inside its “on-ledger escrow” and releases a certain portion of them monthly.<br>However, there is no official confirmation of the move yet, and the exact terms of the transaction are reportedly still under discussion and could change.<br>The XRP token is closely linked to Ripple. The company even fought a lengthy court battle against the US Securities and Exchange Commission over the status of the cryptocurrency.<br>According to CoinMarketCap, XRP is the fifth-largest cryptocurrency, with a market cap of about $137.5 billion as of press time. The token recently lost a significant portion of its value in the recent market downturn and is trading much lower than its peak above $3.50 apiece.<br>Adding cryptocurrencies to corporate treasuries has become a trend. Although <a href="https://www.financemagnates.com/trending/michael-saylors-bitcoin-price-prediction-suggests-btc-will-move-up-to-a-new-all-time-high-by-end-of-2025/" target="_self" data-v-75f3955d>Strategy’s Michael Saylor</a> hoarded billions of dollars’ worth of Bitcoin for his business intelligence company’s treasury, more than 300 entities now hold the top cryptocurrency, according to BitcoinTreasuries.net.<br>Although many companies also hold Ether, hardly anyone buys XRP. Sustainable-energy firm VivoPower International is an exception, having announced a $121 million fundraising effort to procure XRP last May.<br>Earlier this year, Ripple <a href="https://www.financemagnates.com/cryptocurrency/ripple-acquires-hidden-road-for-125-billion-becomes-first-crypto-company-with-multi-asset-prime-broker/" target="_self" data-v-75f3955d>agreed to buy crypto prime broker Hidden Road in a $1.25 billion deal</a>.<br> Share this article <br> Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead. <br>By subscribing, you agree to our <a href="https://www.financemagnates.com/terms-of-use/" target="_blank" rel="follow">Terms of Use</a> and <a href="https://www.financemagnates.com/privacy/" target="_blank" rel="follow">Privacy Policy</a>. 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