Wall Street Saw Ripple as 90% XRP — Offered $500M, but With Safety Net: Bloomberg

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Wall Street Saw Ripple as 90% XRP — Offered $500M, but With Safety Net: Bloomberg Multiple investors concluded that at least 90% of Ripple’s net asset value was tied to XRP, the closely-linked token that maintains distance from the company legally. By Shaurya Malwa | Edited by Stephen Alpher Updated Dec 8, 2025, 1:40 p.m. Published Dec 8, 2025, 1:32 p.m. What to know : Ripple's recent $500 million share sale attracted major financial firms, but with structured credit-like protections, according to Bloomberg. Investors secured rights for a guaranteed return and liquidation preference due to Ripple's heavy exposure to XRP. U.S. spot XRP ETFs are nearing $1 billion in inflows, aided by a favorable court ruling clarifying XRP's status. Ripple’s $500 million share sale last month brought in some of the biggest names in global finance but only after investors secured a suite of downside protections that more closely resemble structured credit than a typical venture round, according to a Bloomberg report . Citadel Securities, Fortress Investment Group, Marshall Wace, Brevan Howard–linked vehicles, Galaxy Digital and Pantera Capital participated in last month's funding round at a $40 billion valuation, the highest ever for a privately held crypto company. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . But under the hood, writes Bloomberg's Ryan Weeks, several funds treated it as a concentrated bet on one volatile asset. Multiple investors concluded that at least 90% of Ripple’s net asset value was tied to XRP, the closely-linked token that maintains distance from the company legally. Ripple controlled $124 billion worth of XRP at market prices in July in its treasury. Institutions appear comfortable with that exposure, but only with guardrails in place. That hefty, risky exposure caused funds to negotiate the unusually strong protections: 1. The right to sell their shares back to Ripple after three or four years at a guaranteed 10% annualized return,2. A 25% annualized return if Ripple forces a buyback, and 3. A liquidation preference, giving them priority over legacy shareholders in a sale or insolvency. Those terms amount to a synthetic floor under investors’ capital, making for a structure rarely used in late-stage tech financings but increasingly common as traditional finance adapts its risk-management playbook to crypto’s volatility. XRP has since fallen roughly 40% from its mid-July peak amid the broad downdraft that hit the broader crypto market October and November. Meanwhile, U.S. spot XRP ETFs are on track to surpass $1 billion in inflows soon , following a 15-day streak of net investments. The ETFs have likely benefited from the resolution of Ripple's court case with the SEC, which clarified XRP's regulatory status. Mails sent to Ripple’s press enquiry page and media representatives were not immediately answered in U.S. morning hours Monday. Ripple XRP News More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You U.S. Spot XRP ETFs Hit 15-Day Inflow Streak, Near $1B Milestone By Olivier Acuna | Edited by Sheldon Reback 21 minutes ago U.S. spot XRP ETFs approaching $1 billion are the most significant altcoin launch yet, validating a regulatory blueprint for all utility tokens and signaling Wall Street's post-lawsuit conviction. What to know : U.S. spot XRP ETFs are on track to surpass $1 billion in inflows soon, following a 15-day streak of net investments. The ETFs have benefited from the resolution of Ripple's court case with the SEC, which clarified XRP's regulatory status. Institutional interest in XRP ETFs is driven by their stability and liquidity, distinguishing them from other crypto ETFs. 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