Ripple Invests $25M in Blockchain Capital’s Latest Fund

Ripple Invests $25M in Blockchain Capital’s Latest Fund
11.04.2018 03:02 pm

Ripple Invests $25M in Blockchain Capital’s Latest Fund

Blockchain , Cryptocurrencies

Ripple has invested $25 million in XRP to Blockchain Capital’s most recent $150 million fund, specifically Blockchain Capital Parallel IV, LP. Blockchain Capital is the first fund dedicated solely to the blockchain space and is also the first to accept capital calls in digital assets.

As the potential use cases for blockchain and digital assets expand beyond financial services and are better understood, so does the potential for innovation. Blockchain Capital will focus on investing in entrepreneurial teams that are building businesses on blockchain technology. Given Ripple’s focus on payments, the investment in Blockchain Capital allows Ripple to develop inroads with entrepreneurs and companies focused on other use cases, including those that use the XRP Ledger and Interledger Protocol.   

“As pioneers in the blockchain sector, we have been on the front lines and in the trenches with our portfolio companies like Ripple building a new crypto ecosystem,” said Bart Stephens, Co-founder and Managing Partner of Blockchain Capital. “There are entire verticals - like healthcare or identity management - that could benefit from blockchain or distributed ledger technology. Whether it’s using XRP, bitcoin or just the underlying blockchain technology, our goal is to find the best projects and give them the resources to be successful companies that deliver value to customers for the long-term.”

“Blockchain Capital is the premiere fund for any project looking to get off the ground in the blockchain space. They have a proven track record for finding and funding the projects that matter,” said Patrick Griffin, SVP of Strategic Growth at Ripple. “This is the first fund that we’ve contributed to, and it won’t be the last. We plan to be major players in shaping the future generation of blockchain or crypto companies.”

Related News

Bitcoin, Ethereum and Blockchain Super Conference II Offers Rare Opportunity to Network with Cryptocurrency and Blockchain Leaders

Richard, organizer of the original Bitcoin, Ethereum and Blockchain Super Conference, held in February, is hosting a follow-up conference in September. Like the first... Read more »

Digital Asset Opens Developer Program for its Enterprise Smart Contract Language, DAML

Digital Asset,the leading provider of Distributed Ledger Technology for the financial services industry, today unveiled a developer program for its enterprise smart contract... Read more »

Iconic Tech Event from Silicon Valley is Coming to Europe in June 2018

Intellectsoft, global software development company with a focus on the latest tech, will co-host "Blockchain: Rethink Trust 2018" - a new, enterprise-grade conference on... Read more »

Blockchain London Conference arrives in Olympia London, don’t miss out!

The Blockchain London Conference will arrive in Olympia London next week for the first leg of the 2018 World Series. The world... Read more »

Santander launches the first blockchain-based international money transfer service across four countries

Banco Santander today announced the launch of a new international payments service using blockchain-based technology. The service is available to retail customers in Spain, UK... Read more »

BCS Technology as a 'Representative Vendor' in Gartner's Market Guide for Blockchain Consulting and Proof-of-Concept Development Services

BCS Technology, a leading provider of Blockchain consulting and implementation services, today announced that it has been identified as a representative vendor in the Gartner "... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App