Ripple invests $25m in XRP in Blockchain Capital fund

Ripple invests $25m in XRP in Blockchain Capital fund

Ripple has pumped $25 million in the form of its XRP cryptocurrency into Blockchain Capital's latest $150 million fund.

Ripple says that it hopes the investment - its first contribution to a fund - will allow it to develop inroads with entrepreneurs and companies focused on various blockchain use-cases, including those that use the XRP Ledger and Interledger Protocol.

The XRP funds have been put into a separate special purpose vehicle for cryptocurrencies "to separate our other LPs from the risk of any change in valuation associated with accepting Ripple’s investment in XRP," a Blockchain Capital spokesperson told Fortune.

Patrick Griffin, SVP, strategic growth, Ripple: "This is the first fund that we’ve contributed to, and it won’t be the last. We plan to be major players in shaping the future generation of blockchain or crypto companies."

Comments: (1)

Behzod Sabirov
Behzod Sabirov - Sanscrit LLP - Almaty 12 April, 2018, 06:15Be the first to give this comment the thumbs up 0 likes

IT's very handy to own your cryptomoney. You may invest it anywhere as much you'd like and look like a high street investor :)