A US-based giant makes a surprise move to purchase Ripple (XRP)! Here are the details…
As Ripple (XRP) continues to expand with its partnerships and investments, another investment news has arrived.
However, this time, Ripple was on the receiving end of investment.
According to the official statement, NYSE-listed C1 Fund announced that it has purchased shares in Ripple.
Ripple Receives Investment!
C1 Fund (CFND), a cryptocurrency investment firm listed on the New York Stock Exchange, announced that it has acquired a stake in Ripple with the aim of promoting enterprise blockchain adoption, leveraging cross-border payment solutions and stablecoins.
The exact amount of the investment was not disclosed.
This stock purchase is a continuation of the C1 Fund’s strategy to identify innovative companies that advance responsible digital asset adoption.
“Ripple’s technology and international reach align directly with our strategy to support core infrastructure and institutional advancements in blockchain finance,” said Elliot Han, Chief Investment Officer of C1 Fund Inc. “We believe this investment will further engage C1 Fund in the evolving world of digital assets.”
*This is not investment advice.
