Ripple Labs plans to raise $1 billion to create the largest treasury of XRP-backed digital assets ever. This new fund, called the Digital Asset Treasury (DAT), will collect significant XRP reserves for institutional use. Ripple intends to use a special purpose acquisition company (SPAC) to help raise this money. Bloomberg, citing sources familiar with the … Continue reading Ripple Labs to Lead $1B Fundraising to Create an XRP-Backed Digital Asset Treasury