Join Our Mailing List
Friday September 29, 2023
Bitcoin (BTC) $26,979.23   Ethereum (ETH) $1,668.94
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Investment Management

TechCrunch founder launches $100 million XRP denominated crypto fund

Published by CryptoNinjas.net
11/28/2017
TechCrunch founder launches $100 million XRP denominated crypto fund

The Ripple team announced today that Mr. Michael Arrington, the founder and former editor-in-chief of TechCrunch, announced the launch of his new XRP capital fund on stage at Consensus Invest today. The fund, titled Arrington XRP Capital is one of the world’s largest crypto hedge funds and is entirely denominated in XRP. Additionally, the fund will start with $100 million and will use XRP to invest in blockchain technology and asset entities.

Arrington’s decision to solely use XRP to power his capital fund further validates that this digital currency provides the best use case for real-time, transparent and secure transactions. In fact, not only does XRP provide much-needed liquidity for cross-border payments, it’s the fastest, most scalable and stable digital asset on the charts — making it the most appropriate for institutional use. The fund will start trading soon, although no official date announced.

[perfectpullquote align=”full” bordertop=”false” cite=”Michael Arrington, Arrington XRP Capital” link=”” color=”” class=”” size=””]”We will invest in a wide variety of cryptocurrency assets and related technologies. The primary focus will be on existing tokens. The fund will also invest a portion of its assets in ICOs, as well as more traditional investments such as private equity offerings…having a hedge fund denominated in a cryptocurrency makes things far easier for investors who already hold a lot of cryptocurrency. No need to convert back to fiat and then later back to a cryptocurrency as we make investments. Everyone saves fees and time that way.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”Brad Garlinghouse, CEO of Ripple” link=”” color=”” class=”” size=””]“Even though Ripple does not play an official role in the fund, we are glad to see that Michael Arrington is using his legendary entrepreneurial spirit to create one of the largest digital currency hedge funds using XRP.”[/perfectpullquote]

49
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Royal Monetary Authority of Bhutan and Ripple to pilot CBDC with private blockchain

09/22/2021
Royal Monetary Authority of Bhutan and Ripple to pilot CBDC with private blockchain

Ripple, the provider of enterprise blockchain and crypto solutions for cross-border payments, today announced a collaboration with Bhutan’s central bank, the Royal Monetary Authority (RMA), to pilot a central bank digital currency (CBDC) using...

Read more

Banco Rendimento first bank to use Ripple’s blockchain payments in the cloud

06/15/2020
Banco Rendimento first bank to use Ripple’s blockchain payments in the cloud

Ripple, a provider of enterprise blockchain solutions for payments, today announced Banco Rendimento has launched with RippleNet Cloud. As the first bank to use Ripple technology entirely in the cloud, Banco Rendimento joins nearly...

Read more

Thailand remittance payment platform DeeMoney connects to RippleNet

03/19/2020
Thailand remittance payment platform DeeMoney connects to RippleNet

DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, has announced its platform is now processing live transactions, in partnership with Ripple, the enterprise blockchain solution for global payments. Through...

Read more

Azimo to use Ripple ODL and XRP for remittances into The Philippines

02/26/2020
Azimo to use Ripple ODL and XRP for remittances into The Philippines

Ripple, the cross-border payment network powered by distributed ledger technology (DLT), today announced a new partnership with European digital money transfer service Azimo. The company has launched with Ripple’s On-Demand Liquidity (ODL) service as...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy