XRP Lands Its First $10 Million Corporate Acquisition: Details
The post XRP Lands Its First $10 Million Corporate Acquisition: Details appeared on BitcoinEthereumNews.com.
Data center operator Hyperscale Data has announced plans to purchase up to $10 million worth of XRP in preparation for the launch of its new blockchain-based lending platform in the third quarter of 2025. Led by its subsidiary, Ault Capital Group (ACG), it is a focused step into decentralized finance with an eye on serving U.S. public companies. You Might Also Like As the core asset for a new enterprise lending system, XRP will be used exclusively for companies listed on the NYSE, NYSE American and NASDAQ. Initially in beta, the platform will allow eligible firms to borrow XRP on negotiated terms, backed by collateral or convertible into registered equity. What about volatility? As a hedge against crypto volatility, ACG plans to use XRP futures on the Chicago Mercantile Exchange. Additionally, the platform will be built on the XRP Ledger, which was chosen for its speed and low cost. You Might Also Like However, the XRP acquisition and platform rollout depend on market and regulatory conditions, which Hyperscale acknowledged could affect the timing or scale of the project. Despite this uncertainty, the company’s $10 million investment in XRP positions it among the first to bring tokenized finance to the public equity space in a structured, institutional way. Source: https://u.today/xrp-lands-its-first-10-million-corporate-acquisition-details
Filed under: News - @ May 31, 2025 3:14 am