{"id":454926,"date":"2024-11-27T15:17:12","date_gmt":"2024-11-27T15:17:12","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=454926"},"modified":"2024-11-27T15:17:12","modified_gmt":"2024-11-27T15:17:12","slug":"ripple-invests-in-bitwise-xrp-fund-amid-new-xrpl-foundation-launch","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ripple-invests-in-bitwise-xrp-fund-amid-new-xrpl-foundation-launch\/","title":{"rendered":"Ripple invests in Bitwise XRP fund amid new XRPL Foundation launch"},"content":{"rendered":"

Blockchain firm Ripple<\/a> is among the four founding members of the newly incorporated XRP Ledger (XRPL) Foundation.<\/p>\n

Established on Nov. 26 in France, the organization<\/a> aims to unify and govern the broader XRPL ecosystem. The foundation brings together Ripple, XRPL Labs, XRPL Commons, the former XRPL Foundation, and key members of the XRP community.<\/p>\n

The foundation is committed to ensuring long-term growth, security, and decentralized contributions to the XRPL. Its primary mission is to foster a thriving, inclusive, and resilient XRPL community. Developers and users will have a trusted platform to create decentralized applications, financial tools, and blockchain infrastructure.<\/p>\n

The group's initial focus will be reclaiming assets from the previous XRPL Foundation. It also plans to implement a governance model representing developers, users, validators, academia, and infrastructure providers. Key contributors\u2014including XRPL Commons, XRPL Labs, Ripple, and XAO DAO\u2014will guide the foundation through board representation and decision-making roles.<\/p>\n

The XRPL blockchain continues to gain traction for its scalability, low costs, and regulatory compliance. Notably, its growing role in tokenizing real-world assets (RWAs)<\/a> has attracted major institutional players like SG-FORGE, the crypto division of Societe Generale.<\/a><\/p>\n

Support for Bitwise XRP Fund<\/h2>\n

Meanwhile, Ripple is also ramping up support for XRP<\/a> through a strategic investment in Bitwise's<\/a> newly rebranded Physical XRP Exchange-Traded Product (ETP).<\/p>\n

Formerly known as ETC Group Physical XRP, the product exposes European investors to XRP through a physically backed structure holding the token.<\/p>\n

Bitwise CEO Hunter Horsley<\/a> emphasized XRP's reputation as one of the most recognized and reliable blockchain networks. He added<\/a>:<\/p>\n

“XRP and the XRP Ledger are among the most familiar and trusted blockchains in crypto. XRPL is unique with over 10 years of track record in reliability, while continuing to expand in capabilities.”<\/p><\/blockquote>\n

Ripple CEO Brad Garlinghouse<\/a> echoed this sentiment while noting a surge in global demand for crypto-backed investment products. He noted that recent regulatory clarity in the US will likely accelerate this trend, further boosting interest in offerings like the Bitwise Physical XRP ETP.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockchain firm Ripple is among the four founding members of the newly incorporated XRP Ledger (XRPL) Foundation. Established on Nov. 26 in France, the organization aims to unify and govern the broader XRPL ecosystem. The foundation brings together Ripple, XRPL Labs, XRPL Commons, the former XRPL Foundation, and key members of the XRP community. The […]<\/p>\n","protected":false},"author":720,"featured_media":454930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78665,77968,76736],"tags":[74979,72399,78137],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nRipple invests in Bitwise XRP fund amid new XRPL Foundation launch<\/title>\n<meta name=\"description\" content=\"Ripple, XRPL Labs, and industry leaders form alliance to steer governance and innovation in the evolving XRPL landscape.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ripple-invests-in-bitwise-xrp-fund-amid-new-xrpl-foundation-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple invests in Bitwise XRP fund amid new XRPL Foundation launch\" \/>\n<meta property=\"og:description\" content=\"Ripple, XRPL Labs, and industry leaders form alliance to steer governance and innovation in the evolving XRPL landscape.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ripple-invests-in-bitwise-xrp-fund-amid-new-xrpl-foundation-launch\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-27T15:17:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/11\/bitwise-xrp.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ripple-invests-in-bitwise-xrp-fund-amid-new-xrpl-foundation-launch\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ripple-invests-in-bitwise-xrp-fund-amid-new-xrpl-foundation-launch\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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