Ripple Labs has announced its intention to form a reserve in the cryptocurrency XRP amounting to over $1 billion. This funding will be raised through a special purpose acquisition company (SPAC). Part of the assets will be provided in the form of its own token XRP, and the funds raised will be placed in a new digital asset trust (DAT).
This is reported by Business • Media
Strategic Moves by Ripple Labs to Expand Influence
As part of its strategy to strengthen its position in the digital finance market, Ripple Labs has also acquired GTreasury, a company specializing in corporate liquidity management. The value of this deal was $1 billion. According to representatives of Ripple Labs, this move will enhance collaboration with CFOs and corporations that actively utilize tokenized deposits, stablecoins, and other digital assets.
Market Sentiment Dynamics for XRP
Recently, analysts at Santiment have noted a significant increase in negative sentiment towards XRP. According to their assessments, the level of fear, uncertainty, and doubt (FUD) surrounding this token has reached a six-month high — since Donald Trump announced trade tariffs.
“According to their data, the level of fear, uncertainty, and doubt (FUD) has reached its highest point since Donald Trump announced trade tariffs — that is, over the last six months.”
Ripple Labs’ actions indicate the company’s desire not only to strengthen its presence in the digital finance market but also to attract new corporate clients, despite the challenging market situation surrounding XRP.