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Ripple is pursuing a $1 billion fundraise through a special purpose acquisition company to establish a digital asset treasury focused on XRP, according to a Bloomberg report citing people familiar with the matter. The treasury vehicle would represent the largest XRP-focused institutional reserve and could reshape how corporations hold and manage the token, which currently ranks as the fifth-largest cryptocurrency by market capitalization.
The initiative comes as Ripple simultaneously announced the $1 billion acquisition of corporate treasury software provider GTreasury, signaling an aggressive push into institutional digital asset management. Ripple has not officially confirmed the SPAC transaction or provided a timeline for its completion.
Ripple Labs has not issued an official statement confirming the timeline or specific terms of the transaction. However, insiders note that discussions are ongoing and that the effort underscores the company’s determination to fortify its digital asset base amid shifting global market dynamics.
The Ripple Labs Digital Asset Treasury aims to centralize XRP holdings in a structured reserve vehicle, a model similar to those used by traditional financial institutions for liquidity and asset stability. Ripple currently holds about XRP (worth roughly $11 billion) in its wallets, alongside 35.9 billion XRP in escrow that is released monthly.
By transferring assets into a dedicated treasury, Ripple appears to be pursuing both transparency and flexibility, aligning its long-term strategy with emerging digital asset management trends.
While Bitcoin and Ethereum continue to dominate corporate interest in Digital Asset Treasuries (DATs), Ripple’s move may diversify the market and enhance XRP’s role in institutional finance. The Bloomberg report emphasized that this step could “boost interest in XRP,” particularly as more companies explore blockchain-based treasury solutions.
On the same day the Ripple Labs Digital Asset Treasury plan surfaced, Ripple also revealed a separate acquisition: corporate treasury management software provider GTreasury, valued at $1 billion. The company described the deal as a strategic effort to help corporate clients integrate digital assets including tokenized deposits and stablecoins into their treasury operations.
“By combining GTreasury’s infrastructure with blockchain innovation, we’re bridging traditional and digital finance,” Ripple statement (as reported by Bitcoin Sistemi).
This acquisition complements the treasury initiative, positioning Ripple not only as a digital asset issuer but also as an enabler of next-generation treasury management tools for enterprises.
XRP, currently ranked fifth among global cryptocurrencies, has a market capitalization of approximately $138.9 billion. As of Friday morning, XRP traded at around $2.31, down 4.4% in the last 24 hours. Despite short-term price dips, analysts believe the creation of the Ripple Labs Digital Asset Treasury could signal renewed investor confidence.
Industry observers view the twin moves — the billion-dollar fundraising and the GTreasury acquisition as signs of Ripple’s renewed aggression in the market. If successful, the Ripple Digital Asset Treasury could serve as a cornerstone for future institutional adoption, offering a structured and compliant vehicle for managing crypto assets.
As negotiations continue, all eyes remain on Ripple’s next announcement one that could redefine how digital assets are held, managed, and leveraged at a corporate level.
