Mayukha Vadari, senior software engineer at RippleX, has noted that blockchain company Ripple does not technically hold the 38 million XRP in escrow. 

In this case, the XRP Ledger itself acts as the escrow agent since the funds are locked in smart contracts. 

"Technically (and legally), the escrow funds are temporarily being held by the network, not Ripple," Vadari explained. 

HOT Stories Ripple Doesn’t Technically Hold 38 Billion XRP Tokens, Leading Software Engineer Says Shiba Inu (SHIB): Another Zero or Full Recovery, Solana (SOL) Golden Cross Comes Back, Dogecoin (DOGE): Crucial Price Moment 'It Could Get Really Ugly': Consensys's Lubin Issues Warning About Crypto Treasury Companies Coinbase (COIN) Rockets 19% After Golden Cross, But Warning Zone Hits

It is worth noting that Ripple cannot access these funds before the unlock time. Hence, the tokens are under the management of the escrow agent. 

You Might Also Like
Thu, 06/26/2025 - 12:58 Breaking: Massive Blow to Ripple as Judge Denies Key Motion ByAlex Dovbnya

This echoes an earlier statement made by Ripple CTO David Schwartz, who clarified that the funds in an escrow are not held by the party who put them into escrow. 

Earlier this year, Ripple CEO Brad Garlinghouse stated that the company owned more than $100 billion worth of XRP tokens. However, ownership does not equal control in this case.  

In its now-discontinued quarterly markets report, Ripple distinguishes between the tokens that the company itself holds and the tokens that are locked in escrow. According to its last report, Ripple held roughly 4.9 billion tokens while 38 billion tokens remained locked in escrow on the XRP Ledger.  

The company initially locked 55 billion XRP into escrow to assuage concerns about potential selling pressure stemming from tokens flooding the market. 

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。