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

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Blockchain company Ripple Labs is spearheading an initiative to raise at least $1 billion to create an XRP (CRYPTO: XRP)-focused cryptocurrency treasury, according to a report published on Thursday. A Dedicated XRP Treasury Company In The Offing? The funds will be raised through a special purpose acquisition company, Bloomberg reported, citing sources familiar with the matter. The raised funds will be sh ...