Share this article Blockchain payments firm Ripple Labs is spearheading a $1 billion fundraising initiative to acquire XRP, the native token of its blockchain network, Bloomberg reported today. The fundraiser positions XRP at the center of Ripple’s vision for transforming the global financial system. The digital asset operates on its own ledger and underpins tokenization and cross-border payment ecosystems. Ripple Labs has collaborated with global investment firms to advance tokenization in capital markets, enhancing XRP’s utility in traditional finance. The company’s executives have participated in high-level banking summits alongside major financial institutions, emphasizing XRP’s potential role in multi-trillion-dollar financial transformations.