Ripple Labs Poised to Transform XRP’s Future with Secretive $1B Treasury Raise
Ever wonder what it takes for a fintech giant to double down on its own digital token amid the rollercoaster of crypto markets? Ripple Labs is doing just that, spearheading a bold $1 billion fundraising quest through a SPAC to build a digital asset treasury that’s laser-focused on hoarding XRP. It’s like watching a high-stakes poker game where Ripple confidently pushes all-in, contributing its own hefty XRP stash and showing the world that market turbulence isn’t slowing down crypto bigwigs one bit. Controlling over 40% of the total XRP supply, Ripple’s move isn’t just a play—it’s a statement about shaking up the $120 trillion corporate treasury payments universe, buying into the future even as prices dip. Curious how this gutsy bet lines up with other crypto giants’ treasury strategies? Dive deeper into the story and the stakes at play. LEARN MORE.
The fintech firm wants to start a digital asset treasury for its own native cross-border payments token, XRP.
Ripple Labs is reportedly leading an effort to raise at least $1 billion through a special purpose acquisition company (SPAC) to create a digital asset treasury (DAT) focused on accumulating XRP tokens.
It is a sign that the recent market chaos has not deterred crypto giants from pursuing their business plans to the fullest, according to a report by Bloomberg on Thursday. Ripple will contribute some of its own XRP to the new DAT, according to Bloomberg’s anonymous sources.
The company directly holds 4.74 billion XRP worth about $11 billion, and there are almost 36 billion tokens held in escrow, which are scheduled to be released on a monthly basis. In total, the fintech firm controls over 40% of the total XRP supply.
Ripple leading effort to raise at least $1bil to accumulate xrp…
New xrp-focused DAT.
via @olgakharif pic.twitter.com/oUU7BOiy1J
— Nate Geraci (@NateGeraci) October 17, 2025
DAT Momentum Still Strong
Ripple separately announced a $1 billion acquisition of treasury software provider GTreasury to strengthen corporate finance relationships.
“Ripple is breaking into the $120T corporate treasury payments market,” said CEO Brad Garlinghouse. “Astounding amounts of cash are trapped in outdated payment systems, creating friction, unnecessary costs, and barriers to entering new markets,” he added.
XRP DATs are pretty rare, with only sustainable-energy firm VivoPower International announcing a $121 million fundraising in May to pivot to investing in XRP. Bitcoin and Ether DAT momentum has remained strong despite the recent market rout, with companies such as Tom Lee’s BitMine aggressively buying the dip.
BitMine has made two Ether purchases since the weekend leverage flush, adding more than 300,000 ETH to its monster stash. Meanwhile, Strategy acquired 220 BTC for around $27 million earlier this week, bringing its total to a whopping 640,250 BTC worth around $70 billion at current market prices.
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XRP Price Reaction
XRP markets did not react to the news, and the asset has declined 5% on the day in a fall to $2.27 at the time of writing.
The payment token fell to its lowest level since early July in late trading earlier today (excluding last Friday’s flash crash to under $1 on some exchanges). It’s now down by almost 40% since the peak marked in mid-July of $3.65.
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