Ripple Labs Leads $1 Billion Fundraise for XRP Treasury Amid Market Turmoil

Ripple Labs is leading a $1 billion fundraising effort to accumulate XRP, the digital token linked to the company. The funds will be housed in a new digital-asset treasury and raised through a special purpose acquisition company. Despite recent market tumult, Ripple is pursuing its business plans, with the goal of strengthening ties with corporate finance chiefs and treasurers who want access to tokenized deposits and stablecoins.