Ripple-Backed Vehicle Eyes $1 Billion Raise to Build XRP Treasury

By Matt Brienen

Published: 2025-10-20T21:14:08+00:00

Ripple has backed a new entity that plans to raise over **$1 billion** via a SPAC merger to build a dedicated treasury of XRP tokens, effectively anchoring its balance sheet in the asset. The vehicle, which will likely list on the Nasdaq under a new ticker, will use most of the proceeds to purchase XRP in the open market and deploy the token in yield-generating strategies including DeFi, validators, and liquidity provision.

The move positions XRP not simply as a utility token but as a corporate reserve asset, aligning financial incentives with the token’s ecosystem growth. Backed by Ripple and major investors, the treasury model could support price stability and institutional narrative for XRP, while offering public-market investors indirect exposure to both price appreciation and token-driven protocols.