Ripple Labs Is Leading A $1 Billion Fundraise To Establish XRP-Centered Treasury: Report

Group 1 - Ripple Labs is leading an initiative to raise at least $1 billion to establish an XRP-focused cryptocurrency treasury [1][2] - The funds will be raised through a special purpose acquisition company, and Ripple Labs will also contribute some of its own XRP to the treasury [2] - This initiative follows similar moves by other companies, such as Trident Digital Tech Holdings planning to invest up to $500 million and Nature's Miracle Holding Inc. planning to invest up to $20 million for their own XRP treasury programs [3] Group 2 - The fundraising effort coincides with Ripple's $1 billion acquisition of GTreasury, a fintech firm specializing in treasury management solutions [4] - XRP is currently at the center of significant institutional interest, with 13 exchange-traded filings awaiting SEC review from major firms like WisdomTree, Grayscale, and Franklin Templeton, which have combined assets under management exceeding $1.6 trillion [5]