Ripple Labs is reportedly leading a $1 billion raise for an XRP-focused digital asset treasury vehicle through a special purpose acquisition company, which would be the largest known XRP treasury to date. XRP is the world's fifth-largest token with a market value of about $138 billion as of May 30, 2026. VivoPower announced a $121 million raise to pivot toward XRP investing in May 2026, though shares of major token accumulators have fallen sharply in recent months.
Ripple XRP treasury raise
- ▪The Ripple Labs XRP treasury deal would be the largest known XRP treasury vehicle to date if completed
- ▪Ripple Labs is expected to contribute some of its own XRP to the new XRP-focused digital asset treasury vehicle
- ▪Ripple Labs is reportedly leading an effort to raise at least $1 billion for a new public-market vehicle that would accumulate XRP
- ▪Terms of the Ripple Labs XRP treasury raise are still under discussion and could change
- ▪The Ripple Labs XRP treasury raise would be done through a special purpose acquisition company
Digital asset treasury model
- ▪Digital asset treasury companies became one of crypto's biggest stock-market trades in 2025, as listed firms used SPACs, reverse mergers and equity issuance to buy tokens
- ▪Shares of major token accumulators, including Strategy and Metaplanet, have fallen sharply in recent months as crypto prices turned choppy
- ▪The digital asset treasury model worked while crypto prices rose and investors paid premiums for balance-sheet exposure
- ▪VivoPower announced a $121 million raise to pivot toward XRP investing in May 2026
XRP market position
- ▪XRP is the world's fifth-largest token, with a market value of about $138 billion as of May 30, 2026
- ▪Bitcoin has risen 16% in 2026 as of May 30, 2026
- ▪XRP has gained 13% in 2026 as of May 30, 2026
Ripple XRP holdings
- ▪Ripple Labs held 4.74 billion XRP in wallets as of July 31, 2025, worth about $11 billion at May 30, 2026 prices
- ▪Ripple Labs had 35.9 billion XRP locked in on-ledger escrow accounts scheduled for monthly release as of July 31, 2025
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