Ripple Labs is reportedly seeking to raise $1 billion to establish a new XRP-focused treasury, signaling the company’s continued confidence in the digital asset market despite ongoing turbulence. The initiative would represent one of the largest XRP-centered fundraising efforts to date.
According to individuals familiar with the plan, Ripple intends to manage the funds through a new digital-asset treasury (DAT), using a special purpose acquisition company (SPAC) to facilitate the raise. The company may also contribute part of its own XRP holdings to the fund. While Ripple has yet to make a public statement, sources say details of the initiative are still being finalized.
The move comes amid heightened volatility across the cryptocurrency sector. Recent global market jitters—fueled in part by US-China trade tensions—have led to widespread selloffs. Even major cryptocurrencies like Bitcoin saw declines exceeding 3% in a single day. Investor appetite for crypto treasuries has also softened, with notable firms such as Michael Saylor’s Strategy Inc. and Japan’s Metaplanet Inc. experiencing share price drops in recent months.
Still, Ripple appears undeterred. The company is betting that XRP can continue to attract institutional interest, particularly as it remains the world’s fifth-largest cryptocurrency with a market capitalization of around $138 billion. Ripple’s strategic focus on strengthening its treasury operations could reinforce its role in the evolving financial ecosystem.
In a separate announcement, Ripple revealed plans to acquire GTreasury, a treasury management software provider, in a $1 billion deal. The acquisition aims to enhance Ripple’s engagement with corporate finance leaders exploring tokenized deposits, stablecoins, and digital asset solutions.
The broader digital asset landscape is expanding, with over 300 entities now publicly holding Bitcoin, according to BitcoinTreasuries.net. While XRP has seen less institutional accumulation, some companies—like VivoPower International—are beginning to shift toward it, recently announcing a $121 million XRP investment.
As of July 31, Ripple reported holding 4.74 billion XRP (worth approximately $11 billion), with another 35.9 billion XRP held in escrow for gradual release.
If Ripple successfully secures its $1 billion target, it would mark a major milestone for both the company and the crypto industry—underscoring resilience and long-term faith in the future of digital finance, even amid uncertainty.
