DWP Management Raises $200 Million in XRP-Backed Contributions
Digital Wealth Partners Management (DWP Management) announced it raised $200 million in capital since April, all in XRP. This capital comes from XRP-backed in-kind contributions as the firm continues to develop private investment vehicles accepting digital assets.
DWP Management's Focus on Digital Assets
- DWP Management recognizes a significant evolution in integrating digital assets into investment portfolios.
- The firm emphasizes secure, compliant strategies aligned with long-term objectives.
- CEO Max Kahn noted the increasing role of digital assets in diversified investment strategies.
- DWP Management operates under institutional-grade custody and compliance frameworks.
- They provide crypto-backed loans without requiring clients to liquidate holdings of BTC, ETH, SOL, or XRP.
Ripple and SEC Settlement
- Ripple Labs and the SEC settled a five-year lawsuit regarding the securities status of XRP.
- The settlement allows Ripple to raise private capital and is viewed positively for the broader cryptocurrency market.
- Judge Torres ruled that public exchange sales of XRP are not securities, while institutional sales qualify as such.
- Ripple was fined $125 million, held in escrow, following the ruling.