cryptonews.net
On May 28, Hyperscale Data subsidiary Ault Capital Group (ACG) announced plans to add $XRP to its balance sheet. According to the announcement, ACG plans to purchase $10 million worth of $XRP by the end of this year to support its expansion into financial services. ACG later announced plans to launch an $XRP lending platform for NYSE-listed companies. The lending initiative, scheduled to launch in Q3 2025, will be backed by ACG’s $XRP reserves.
On May 28 VivoPower International revealed its transformation into the world’s first $XRP-focused enterprise. VivoPower will dedicate a significant portion of its $121 million funding round to buying and holding $XRP, creating an $XRP-focused treasury. Part of the funds will be used to invest in the XRPL DeFi ecosystem and related initiatives.
AI-focused Webus International announced plans for a non-equity funding round of up to $300 million to create a strategic $XRP reserve. Webus will use the $XRP reserve to facilitate global payments by leveraging the asset’s utility in cross-border settlements. In addition to creating the strategic $XRP reserve, the company will use a portion of the funds to accelerate its global expansion and develop an efficient blockchain infrastructure.
Image: freepik
Designed by Freepik