|

Ripple’s Xpring has reportedly invested over $500M in several projects to date

  • Xpring initiative by Ripple has invested more than $500 million in numerous projects since its launch in 2018. 
  • Xpring made at least 18 investments in 2019 alone.
  • This year, the initiative has not been very active, with only two investments so far.

Xpring initiative by Ripple has invested over $500 million in numerous projects since its launch in 2018. According to The Block report, the initiative has contributed to more than 27 projects so far, including Compound, Dharma, Securitize, Bitso and Forte.

Last year, Xpring invested $100 million in Forte – a blockchain-based gaming platform, which uses Xpring's open-source Interledger Protocol with XRP serving as a base pair settlement. The majority of Xpring’s investments are related to Ripple’s core business model, focused around XRP and payments development. 

Xpring made at least 18 investments in 2019. This year, the initiative has not been very active, with only two investments so far - in crypto ATM provider Coinme and a blockchain platform for decentralized applications, NEAR Protocol.

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin edges lower on Tuesday, extending consolidation in a trading range for over ten days. Market conditions remain defensive, with sustainable recovery depending on renewed spot demand, report says.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme coins, including Dogecoin, Shiba Inu, and Pepe, are under pressure on Tuesday, extending Sunday’s decline. The derivatives data show substantial outflows from DOGE, SHIB, and PEPE futures Open Interest, primarily driven by long-side-skewed liquidations. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.