Blockchain startup Ripple has invested $25 million in XRP tokens in a venture Fund IV Parallel investment Blockchain Capital, which was the first cryptocurrency investments received by the company. According to, senior Vice President Ripple Patrick Griffin (Patrick Griffin), practical experience shows that Blockchain Capital identifies and supports good projects.
Ripple”s $25 million investment in @blockchaincap”s new fund is the first and not the last contribution to ventures that further develop the #blockchain and $XRP ecosystems. https://t.co/9QHHu8tiGl
— Ripple (@Ripple) April 11, 2018
A Fund with assets of $150 million to invest in teams of entrepreneurs who are building companies based on blockchain technology. Furthermore, these investments will allow us to test new ideas about using XRP Ledger and Interledger Protocol beyond payment solutions, for example, in healthcare or identity management.
Recall that in late January, a venture partner of Blockchain Capital has become the developer of Bitcoin Core Jimmy sung (Jimmy Song). And last month the company announced that it has raised $150 million in fourth round of financing for the Fund IV LP and $25 million in cryptocurrency for Parallel IV, however, did not indicate what tokens were presented investment.