C1 Fund Acquires Equity in Ripple — Stake Details Unreleased as Fund Plans Bigger Crypto Investments

COINOTAG News reported on October 10 that C1 Fund, a listed crypto fund, has acquired equity in enterprise blockchain provider Ripple. Neither the purchase amount nor the equity stake percentage has been disclosed by the parties involved.

C1 Fund previously announced a $60 million public offering and indicated plans to increase allocations to digital asset technology. Those prior filings offer context for the fund’s ongoing strategic focus on investments in enterprise blockchain solutions.

Market participants and regulators will look for formal disclosures and filings to quantify the transaction and assess any implications for governance, compliance and enterprise adoption trends within the enterprise blockchain sector.