Ripple (XRP) is making strides with its growing network of partnerships and investments, and there’s fresh news on the investment front.
This time around, Ripple has become the recipient of a new investment.
An official announcement revealed that C1 Fund, which is publicly traded on the NYSE, has acquired shares in Ripple.
Investment Boost for Ripple!
C1 Fund (CFND), a cryptocurrency-focused investment company listed on the New York Stock Exchange, disclosed its acquisition of a stake in Ripple. The goal is to foster enterprise blockchain technology adoption while enhancing cross-border payment solutions and stablecoin usage.
The specific financial details of this investment remain undisclosed.
This move aligns with C1 Fund’s ongoing strategy to seek out pioneering companies that drive responsible digital asset integration forward.
Elliot Han, Chief Investment Officer at C1 Fund Inc., commented: “Ripple’s technological prowess and global presence perfectly match our mission to bolster foundational infrastructure and institutional progress within blockchain finance. We anticipate this investment will deepen C1 Fund’s involvement in the dynamic digital asset landscape.”
*This information should not be considered as financial advice.