Ripple reportedly spearheading $1 billion XRP treasury initiative

Ripple Labs is seeking to establish the largest XRP-focused treasury fund, aiming to raise at least $1 billion through a SPAC.

Ripple Labs has embarked on an ambitious plan to create a public-market entity dedicated to accumulating XRP, with the goal of raising a minimum of $1 billion via a special purpose acquisition company (SPAC). This initiative comes at a time when interest in digital asset treasury firms has waned, particularly those focused on cryptocurrencies other than bitcoin.

Reportedly, Ripple intends to enhance the treasury with some of its own XRP holdings, potentially making it the largest known XRP treasury vehicle to date. The venture will serve as a litmus test for institutional interest in XRP, especially given the recent cooling of the market for digital asset treasury firms.

Details surrounding the SPAC arrangement are currently under negotiation, and Ripple has not yet provided additional comments regarding the initiative. If successful, the public treasury could help create new demand for XRP while providing Ripple with a means to distribute part of its substantial holdings to investors.

Currently, XRP stands as the fifth-largest cryptocurrency, boasting a market cap of approximately $138 billion. Ripple holds around 4.74 billion XRP, valued at nearly $11 billion, while an additional 35.9 billion XRP remains locked in escrow for gradual release.

The emergence of digital asset treasury firms gained momentum in 2025 as publicly traded firms utilized various strategies, including SPACs and equity offerings, to acquire crypto assets. However, with recent fluctuations in cryptocurrency prices, the viability of multiple firms pursuing similar accumulation strategies has come under scrutiny.

Unlike bitcoin, XRP has not garnered extensive interest from treasury firms, although some companies, like VivoPower, have begun to pivot towards XRP investments. Ripple’s latest initiative will be a critical test of whether there is enough institutional demand to support a significant XRP treasury structure.