• The Deal: Ripple secured $500 million in November at a $40 billion valuation, attracting heavyweights like Citadel Securities and Fortress Investment Group.
• The Hedge: Investors negotiated rare downside protections, including a right to sell shares back to Ripple at a 10% guaranteed annual return after 3-4 years.
• The Asset: Funds assessed that nearly 90% of Ripple’s net asset value is derived from its XRP treasury, effectively making the equity a discounted proxy for the token.

Ripple’s $500 million share sale has become the latest test case for how Wall Street enters crypto without taking full market risk. 

A new Bloomberg report shows that the Ripple $500 million share sale at a $40 billion valuation gave funds tied to Citadel Securities, Fortress, Brevan Howard, Marshall Wace, Galaxy Digital, and Pantera guaranteed annual returns, put options, and liquidation …

Read The Full Article Wall Street’s $500M Ripple Deal Had Baked in Profit Guarantees on XRP Risk – Bloomberg On Coin Edition.

• The Deal: Ripple secured $500 million in November at a $40 billion valuation, attracting heavyweights like Citadel Securities and Fortress Investment Group.
• The Hedge: Investors negotiated rare downside protections, including a right to sell shares back to Ripple at a 10% guaranteed annual return after 3-4 years.
• The Asset: Funds assessed that nearly 90% of Ripple’s net asset value is derived from its XRP treasury, effectively making the equity a discounted proxy for the token.

Ripple’s $500 million share sale has become the latest test case for how Wall Street enters crypto without taking full market risk. 

A new Bloomberg report shows that the Ripple $500 million share sale at a $40 billion valuation gave funds tied to Citadel Securities, Fortress, Brevan Howard, Marshall Wace, Galaxy Digital, and Pantera guaranteed annual returns, put options, and liquidation …

Read The Full Article Wall Street’s $500M Ripple Deal Had Baked in Profit Guarantees on XRP Risk – Bloomberg On Coin Edition.