A Nasdaq-listed investment company has openly shared that it now holds XRP in its corporate treasury, a move seen as a major boost for XRP.
Notably, this development comes as more institutional investors show new interest in the digital asset following Ripple Labs’ resolution of its long-running legal dispute with the United States Securities and Exchange Commission.
Digital Commodities Capital Announces XRP Holdings
As revealed by SMQKE on X, Digital Commodities Capital Corp., a publicly listed investment firm based in Vancouver, recently revealed that it owns 103,000 XRP. At current market prices, this holding is worth approximately $225,570. The company stated that this addition to its treasury is part of a broader strategy to build a diverse portfolio of digital assets.
It is worth noting that the disclosure comes on the heels of a major development involving Ripple Labs and the United States Securities and Exchange Commission (SEC). As revealed in our previous report, Ripple and the SEC have made progress toward settling their dispute after years of legal battles. Both entities have closed the case after finding common ground for a settlement.
Digital Commodities Capital welcomed the news, issuing a statement applauding the resolution as a win for the entire digital asset sector. The company also stressed that the recent regulatory clarity brought by the settlement would bring much-needed momentum to the crypto market.
The investment company also noted that the move to settle the dispute strengthens the case for utility-driven digital assets. It also provides a more straightforward path forward for companies and investors alike.
Following the announcement, Digital Commodities Capital hinted at plans to increase its exposure to XRP and other Ripple-affiliated technologies and projects within its ecosystem. The firm sees this as essential to its long-term investment approach, which is focused on compliant and utility-based digital assets.
XRP In Institutional Portfolio Gaining More Appeal
Notably, the firm’s support of Ripple and XRP shows the positive sentiment around the firm among corporate investors. It also validates the recent development efforts Ripple Labs has made.
In a recent update, we covered that Ripple Labs made one of the most significant moves in the digital asset industry by acquiring Hidden Road for $1.25 billion. With Digital Commodities Capital Corp in the picture, market participants believe that XRP is on a trajectory for a major price break.
It is important to add that while Bitcoin has long dominated the narrative around corporate treasury strategies, XRP now appears to be gaining ground.
Earlier this year, energy company Worksport also revealed its decision to add Bitcoin and XRP to its corporate reserves. As more companies publicly disclose their holdings, XRP’s reputation as a serious asset for corporate treasuries continues to grow.
As of this publication, the fourth-largest cryptocurrency, XRP, is trading at $2.21, up 0.48% in the past 24 hours.
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