DeutschRipple is not content with small steps. While the crypto market recently faltered and $19 billion in leveraged positions evaporated in a very short time, the company is playing its next big card: a digital treasury worth at least a billion dollars. As «Bloomberg» reports, Ripple intends to not only strengthen its own XRP holdings, but also send a signal to the financial world – this is not about survival, but about attack.
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The plan is to build a so-called Digital Asset Treasury (DAT). Sounds dry, but has explosive power: it is a company vehicle specially designed for the creation and management of digital assets. Over 200 companies worldwide are already relying on such structures – together they manage digital assets worth over 460 billion dollars. Bitcoin has so far been the undisputed top dog. Ripple wants to change that.
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The project runs via a SPAC model, i.e. a shell company that specifically collects capital. Ripple itself is contributing part of its XRP reserves to fill the coffers. This would make the new treasury one of the largest XRP collection points ever. Ripple’s wallets currently hold 4.74 billion XRP, equivalent to around 11 billion dollars. In addition, a further 35.9 billion tokens are tied up in escrow accounts and are being released gradually.
But that’s not all: Almost incidentally, it became known that Ripple is taking over the US fintech provider GTreasury for one billion dollars. The deal was confirmed on Thursday and puts Ripple in the comfortable position of controlling software in the future that numerous large companies use to manage tokenized deposits or stablecoins. This tightens the alliance with the traditional financial world – banks and crypto are no longer just talking about bridges, they are actually walking across them.
In Japan, the bridge is already a reality: SBI Holdings actively uses XRP in its internal financial management and to process international liquidity. But what is already commonplace in Tokyo could also catch on in the West with Ripple’s new plans. So far, XRP has lacked the weight in corporate balance sheets that Bitcoin has long had. Now exactly this backlog could be made up.
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The timing is remarkable. While investors are currently hotly debating the risks of digital treasuries – not least because of the recent price declines at Michael Saylor’s MicroStrategy or at the Japanese Metaplanet – Ripple is taking the opposite direction. Instead of calling it quits, they are focusing on expansion.
The message is clear: Ripple does not want XRP to be a side note in the crypto universe, but to establish it as a fixed component of institutional portfolios. If the plan works out, XRP would be one of the first altcoins to end up in corporate treasuries to any significant extent.
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For the industry, that would be more than just a cosmetic change. It would be proof that digital assets are not just speculation objects for traders, but can also become part of serious financial strategies. Ripple is risking a lot – but if the calculation works out, the company could shape the market for years to come. (mck)
