According to a report by Bloomberg, Ripple Labs is leading a $1 billion fundraising campaign to create a digital asset treasury (DAT) dedicated to XRP.
The plan involves using a special purpose acquisition company (SPAC), in which Ripple itself would contribute a significant portion of its own XRP holdings.
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Although details are still being finalized, the successful launch of this entity would create the largest XRP-focused fund to date, eclipsing a similar $500 million initiative announced by Trident Digital in June.
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This ambitious move comes at a time when Ripple is strengthening its financial infrastructure, having also announced on the same day the separate acquisition of treasury management company GTreasury for $1 billion.