Ripple Labs is taking a bold step to show its confidence in digital assets by leading a $1 billion fundraising effort. The goal is to create a dedicated treasury for XRP. The plan will use a special purpose acquisition company to gather funds, even though the market is still unstable. If the $1 billion treasury move pulls through, it could allow XRP to help with real-world treasury operations. Ripple’s $1 Billion Treasury Boost Ripple Labs, based in San Francisco and known for its work with the XRP Ledger, is working on a significant fundraising effort. The company announced its aim to raise at least $1 billion to create a new digital asset treasury, according to a Bloomberg report. The treasury will act as a central vault for holding XRP coins, which are used in Ripple’s cross-border payment system. To make the fundraising easier, Ripple Labs is using a Special Purpose Acquisition Company (SPAC). A SPAC helps companies go public faster and avoids the usual problems of an initial public offering (IPO), especially in uncertain times. The SPAC will target experienced investors, like hedge funds and family offices. Meanwhile, Ripple is not only organizing the initiative but also plans to invest a substantial portion of its own XRP reserves, demonstrating its commitment to the project. The treasury may utilize Ripple’s tools, including its stablecoin, RLUSD, which has surpassed $840 million in supply on the XRP Ledger and Ethereum since its launch last year. Other Expansion Moves Ripple is pushing into enterprise finance with its new XRP treasury initiative, following a busy year of acquisitions. Recently, the company signed a $1 billion deal to buy GTreasury, a notable treasury management company based in Chicago with 40 years of experience. GTreasury’s software helps Fortune 500 treasurers manage billions in liquidity on outdated systems that often face delays and high costs. The move allows Ripple to connect directly with corporate CFOs who are interested in using tokenized assets to improve efficiency. Meanwhile, earlier purchases, such as $1.25 billion for the prime brokerage Hidden Road and $200 million for the stablecoin platform Rail, help create a complete crypto finance platform. These actions challenge the view of Ripple as just a seller of XRP, showing it as a full-service infrastructure provider. The post Ripple Labs Leads $1B Fundraising for XRP Treasury Expansion appeared first on CoinTab News.Ripple Labs is taking a bold step to show its confidence in digital assets by leading a $1 billion fundraising effort. The goal is to create a dedicated treasury for XRP. The plan will use a special purpose acquisition company to gather funds, even though the market is still unstable. If the $1 billion treasury move pulls through, it could allow XRP to help with real-world treasury operations. Ripple’s $1 Billion Treasury Boost Ripple Labs, based in San Francisco and known for its work with the XRP Ledger, is working on a significant fundraising effort. The company announced its aim to raise at least $1 billion to create a new digital asset treasury, according to a Bloomberg report. The treasury will act as a central vault for holding XRP coins, which are used in Ripple’s cross-border payment system. To make the fundraising easier, Ripple Labs is using a Special Purpose Acquisition Company (SPAC). A SPAC helps companies go public faster and avoids the usual problems of an initial public offering (IPO), especially in uncertain times. The SPAC will target experienced investors, like hedge funds and family offices. Meanwhile, Ripple is not only organizing the initiative but also plans to invest a substantial portion of its own XRP reserves, demonstrating its commitment to the project. The treasury may utilize Ripple’s tools, including its stablecoin, RLUSD, which has surpassed $840 million in supply on the XRP Ledger and Ethereum since its launch last year. Other Expansion Moves Ripple is pushing into enterprise finance with its new XRP treasury initiative, following a busy year of acquisitions. Recently, the company signed a $1 billion deal to buy GTreasury, a notable treasury management company based in Chicago with 40 years of experience. GTreasury’s software helps Fortune 500 treasurers manage billions in liquidity on outdated systems that often face delays and high costs. The move allows Ripple to connect directly with corporate CFOs who are interested in using tokenized assets to improve efficiency. Meanwhile, earlier purchases, such as $1.25 billion for the prime brokerage Hidden Road and $200 million for the stablecoin platform Rail, help create a complete crypto finance platform. These actions challenge the view of Ripple as just a seller of XRP, showing it as a full-service infrastructure provider. The post Ripple Labs Leads $1B Fundraising for XRP Treasury Expansion appeared first on CoinTab News.