Ripple Labs Plans $1B Treasury Build to Vault Itself as Top XRP Holder

Ripple Labs is moving ahead with plans to raise at least $1b for a new digital asset treasury (DAT), aiming to expand its XRP holdings and cement its position as a major player in the token’s ecosystem. Bloomberg reported Friday that the funds will be raised through a special purpose acquisition company structure, with Ripple contributing part of its own XRP. The treasury would become one of the largest corporate vehicles focused on XRP accumulation. Digital asset treasuries, or DATs, have become a growi ...