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via CoinDesk · By CoinDesk Staff
Ripple said to lead $1 billion XRP treasury raise
XRP
XRP/USDT
$1.0006
-0.13%
$1.0006
-0.13%
(24s)24h Volume
$237,575,846.30
24h H/L
$1.0068 / $0.9972
Change: $0.009600 (0.96%)
Long/Short
78.5%
Long: 78.5%Short: 21.5%
Funding Rate
-0.0003%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(11:35 AM UTC)
1 min read
The planned vehicle would be the largest XRP-focused digital asset treasury yet, even as investor appetite for token accumulation stocks has weakened after the recent crypto selloff.
Ripple Labs is reportedly leading an effort to raise at least $1 billion for a new public-market vehicle that would accumulate XRP, per Bloomberg, testing whether the digital asset treasury trade still works beyond…
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