Ripple is said to be leading a $1 billion XRP treasury raise, the largest digital-asset treasury ever focused on the token. The planned vehicle comes as broader appetite for token accumulation stocks has cooled after the recent crypto selloff.
The $1 billion plan
The treasury raise would be the biggest XRP-centric fund of its kind. Ripple, the company behind the XRP Ledger, is reportedly steering the effort to pool XRP from investors. The scale of the raise signals confidence in the token's long-term value, even as market conditions have turned choppy.
Weakened appetite for accumulation stocks
Investor hunger for shares in token accumulation vehicles has waned in recent weeks. The broader crypto sell-off has made buyers more cautious about committing fresh capital to funds that hold digital assets directly. That backdrop could test how quickly Ripple can line up backers for the $1 billion target.
What's not clear
It's unknown when the raise will close or which investors have already signed on. Ripple hasn't publicly commented on the plan. The timing isn't ideal — the crypto market has shed billions in value this month, and liquidity for large token positions has tightened. Still, a $1 billion XRP pool would dwarf any previous treasury tied to the token, and Ripple's involvement gives it institutional weight.
