Institutional momentum toward blockchain infrastructure continues to accelerate as Ripple attracts new investment from major financial players. Publicly traded closed-end investment company C1 Fund Inc. (NYSE: CFND) announced on Oct. 9 that it has purchased equity in Ripple, a leading enterprise blockchain solutions provider focused on transforming global payments and financial infrastructure.

The transaction underscores C1 Fund’s strategy of identifying companies advancing responsible digital asset adoption across institutional markets. The firm highlighted:

Ripple’s established platform is used by a diverse array of financial institutions and enterprises globally, leveraging stablecoins such as Ripple USD (RLUSD) and the XRP Ledger (XRPL).

“Ripple’s technology and international reach fit directly with our strategy to support core infrastructure and institutional progress in blockchain finance,” Elliot Han, chief investment officer of C1 Fund Inc., opined. C1 Fund indicated that this equity purchase deepens its exposure to companies delivering real-world applications for blockchain technology.

Based in Palo Alto, California, C1 Fund targets late-stage blockchain infrastructure and digital asset technology firms, excluding those operating in mainland China, Hong Kong, and Macao. Industry observers view the investment as further evidence of institutional belief that enterprise blockchain platforms like Ripple’s could play a central role in shaping the next era of global financial systems.

Chief Executive Officer Dr. Najam Kidwai commented:

We are delighted to welcome Ripple to the C1 Fund portfolio as part of our ongoing commitment to back world-class digital asset companies.

“This investment underscores our confidence in Ripple’s leadership and innovation in the blockchain space,” he further said.

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