Kinetics Internet Portfolio disclosed holding 1,875 Class A common shares in Ripple Labs valued at approximately $246,319 as of June 30, 2026. This stake represents about 0.1% of the fund's $248.3 million net assets and reflects direct equity ownership in Ripple Labs, distinct from the XRP token which offers no ownership rights. The share count remained unchanged from the previous quarter, suggesting the latest report reflects a reclassification rather than a new purchase. The valuation increased by about 7.9%, but as Ripple remains privately held, this is a fund valuation, not a market price. The disclosure highlights institutional interest in Ripple's equity amid ongoing SEC regulatory scrutiny and no confirmed IPO plans from Ripple.
Ripple CEO Brad Garlinghouse emphasized the company's role as a bridge between traditional finance (TradFi) and decentralized finance (DeFi), highlighting Ripple's 75 global licenses and a U.S. court ruling that XRP is not a security. He expects Ripp...
Ripple Prime, Ripple's non-bank prime brokerage, has secured $275 million through a private placement of senior unsecured notes to expand its US clearing, brokerage, and financing services. The funding will support working capital and general corpora...
Jeonbuk Bank has become the first regional bank in South Korea to implement Ripple Payments, enabling near real-time, 24/7 cross-border remittances. This move aims to replace traditional multi-day international transfers with faster, more transparent...
Jeonbuk Bank, a regional South Korean bank, has replaced the traditional SWIFT network with Ripple Payments to improve the efficiency of its cross-border transactions. This marks Ripple's third partnership in South Korea in 2026, highlighting its gro...
Bitcoin and XRP are under pressure after recent declines, trading near $63,000 and below $1 respectively. Key events this week include a White House meeting with crypto leaders, potential US regulatory moves like the Digital Asset Market Clarity Act,...
