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Ripple plans $1B XRP treasury via SPAC, largest XRP-focused fund yet amid cooling crypto market

Market News
30 May 2026
Coindesk
View Source
Bullish
pluang ai news

Ripple Labs aims to raise at least $1 billion through a special purpose acquisition company (SPAC) to create the largest XRP-focused digital asset treasury. This vehicle would accumulate XRP tokens, including some contributed by Ripple itself, testing institutional demand for XRP amid a weakening market for crypto treasury companies. If successful, it could provide Ripple a new way to monetize its significant XRP holdings and support token demand. The plan comes as digital asset treasury firms face challenges after a crypto selloff, with XRP gaining less attention than bitcoin in this space so far.

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