Wall Street Saw Ripple as 90% XRP — Offered $500M, but With Safety Net

2025-12-08 16:13:45

Source: CryptoNewsNet Original Title: Wall Street Saw Ripple as 90% XRP — Offered $500M, but With Safety Net: Bloomberg Original Link: Ripple’s $500 million share sale last month attracted some of the biggest names in global finance. However, investors secured a suite of downside protections that more closely resemble structured credit than a typical venture round.

Major participants in the funding round at a $40 billion valuation (the highest ever for a privately held crypto company) included Citadel Securities, Fortress Investment Group, Marshall Wace, Brevan Howard-linked vehicles, Galaxy Digital and Pantera Capital.

Several funds treated the investment as a concentrated bet on one volatile asset. Multiple investors concluded that at least 90% of Ripple’s net asset value was tied to XRP, the closely-linked token that maintains legal distance from the company. Ripple controlled $124 billion worth of XRP at market prices in July in its treasury.

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