Palo Alto-based investment firm C1 Fund Inc., listed on the New York Stock Exchange, has made a significant move in the sector by partnering with Ripple, a pioneer in enterprise blockchain solutions. The fund is known for its focus on late-stage digital asset and blockchain infrastructure investments. With this move, C1 Fund, which aims to accelerate institutional adoption in digital finance, has strengthened its portfolio with one of the industry's most established technology providers.
Major Investment for Ripple
Ripple has been known for years for its blockchain-based solutions aimed at transforming global cross-border payments. The company's payment infrastructure is used by banks and financial institutions for real-time, low-cost, and transparent transactions. Furthermore, Ripple's stablecoin project, RippleUSD (RLUSD), and the open-source XRP Ledger (XRPL) network enable the secure and rapid exchange of both crypto assets and traditional financial instruments. Elliot Han, Chief Investment Officer of C1 Fund, explained the strategic direction of the investment: “Ripple’s technological infrastructure and global reach align perfectly with our strategy to support the institutional adoption of blockchain-based financial systems. This partnership will make a strong contribution to the maturation of digital assets.”
C1 Fund CEO Dr. Najam Kidwai described the inclusion of Ripple in the fund’s portfolio as “part of our vision to support innovative and reliable companies in the digital assets space.” Kidwai stated, “Ripple is taking a leading role in the blockchain ecosystem, both in terms of technology and regulation. With this investment, we are even more strongly positioning our investors for the digital financial infrastructure of the future.”
C1 Fund previously aimed to bridge the gap between traditional capital markets and the digital asset economy by investing in companies developing blockchain infrastructure and Web3 services. The Ripple investment is seen as a natural continuation of this strategy. As the fund expands its investment portfolio, it excludes companies operating in mainland China and focuses on Western-based technological innovations. According to experts, this agreement could significantly contribute to both the future of enterprise blockchain solutions and Ripple's position in the industry. At a time of ongoing regulatory uncertainty surrounding stablecoins and digital payment infrastructure, particularly in the US, the turn to Ripple from institutional investors is considered a significant signal of confidence. Ripple's existing customer network has expanded beyond banks and payment providers to include partnerships with public institutions.
C1 Fund management plans to announce new investments of similar scale in the coming period. The company aims to expand its portfolio by continuing its strategy of "providing long-term capital support to key infrastructure providers" in the digital asset sector.
Ripple and XRP: What's the Latest?
At the time of writing, the price of Ripple-linked XRP is around $2.8344.
