Ripple invests $25m in XRP in Blockchain Capital fund

Ripple has pumped $25 million in the form of its XRP cryptocurrency into Blockchain Capital’s latest $150 million fund.

Ripple says that it hopes the investment – its first contribution to a fund – will allow it to develop inroads with entrepreneurs and companies focused on various blockchain use-cases, including those that use the XRP Ledger and Interledger Protocol.

The XRP funds have been put into a separate special purpose vehicle for cryptocurrencies “to separate our other LPs from the risk of any change in valuation associated with accepting Ripple’s investment in XRP,” a Blockchain Capital spokesperson told Fortune.

Patrick Griffin, SVP, strategic growth, Ripple: “This is the first fund that we’ve contributed to, and it won’t be the last. We plan to be major players in shaping the future generation of blockchain or crypto companies.” is a completely independent publication covering cryptocurrency, the Blockchain, decentralized applications, the Internet of finance and the next generation Portal. We offer the latest news, prices, breakthroughs and analysis with emphasis on expert opinion and commentary from the digital currency community. The world of digital currencies flourishes with the greater fervor with each passing day. With an increasing number of businesses, entrepreneurs, startups and consumers adopting this technology, we are proud to spend every day at work and play increasing awareness of the many intricacies and advantages offered by these innovations. About one thing we are certain: it is increasingly important to educate oneself in and be aware of new financial and technological innovations.

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