XRP: Ripple to Lead $1 Billion SPAC Raise to Amass XRP for New Digital Asset Reserve

According to Bloomberg, Ripple Labs is spearheading a capital raise of at least $1 billion through a special purpose acquisition company (SPAC) — the vehicle’s name remains undisclosed — aimed at strategically accumulating its affiliated token, XRP. Sources indicate the proceeds will be deposited into a newly formed digital asset reserve, a move designed to strengthen reserve capitalization and enhance XRP liquidity management, with Ripple Labs simultaneously allocating a portion of its own token holdings to the reserve. Market participants should interpret this as a corporate funding and balance-sheet management initiative, with details subject to formal disclosure by the parties involved.