Search results for KBRA
Crypto
NYSE-listed C1 fund becomes largest Ripple holder with 17.5% stake, surpasses Kraken
NYSE-listed closed-end C1 fund made Ripple Labs its biggest holding in the second quarter of 2026. Ripple Labs accounted for 17.5% of net assets, ahead of Kraken parent Payward at 16.9%. The fund’s per-share net asset value was $6.49, and a partial buyback by Ripple Labs influenced allocation. Institutions also reported Ripple share holdings and rising allocations to XRP-linked products, including ETF positions and other funding routes tied to the Ripple ecosystem.
Crypto
Ripple Prime raises $275 million; XRP reserves key credit factor
Ripple’s institutional finance unit Ripple Prime raised $275 million by issuing senior unsecured notes to fund U.S. business expansion. The notes’ credit quality is seen as still relying heavily on parent Ripple’s ability to provide financial support and its XRP holdings. KBRA assigned a BBB rating with a stable outlook and cited Ripple’s potential support if cash movement from the operating unit is constrained. Public materials do not confirm a parent guarantee or XRP collateral.
Crypto
Former Ripple CTO says he accumulated lots of company stock early, holdings undisclosed
David Schwartz, Ripple\'s former chief technology officer, said he secured a significant amount of Ripple stock in the company’s early days. He made the remark on X after questions about the size of his retirement compensation following the disclosure of his XRP holdings. Schwartz did not disclose how much stock he owned, what price he paid or how much he still holds. Ripple’s valuation has risen in recent months.
