Nasdaq-Traded Firm Reveals Holding XRP in Corporate Treasury as XRP Bets Gradually Coming Public

Digital Commodity Capital Corporation becomes the latest firm to disclose its exposure to XRP after revealing that it holds hefty amounts of the asset. The firm recently announced adding XRP , the fourth-largest cryptocurrency by market cap, to its corporate treasury. In a rare move, the publicly traded investment company revealed that it holds thousands of dollars' worth of the asset, marking a shift in sentiment among corporate firms globally. The XRP Strategy? Notably, Bitcoin maximalists usually boast of the Bitcoin Strategy, which multiple firms in the United States and globally have adopted. Strategy , Marathon Digital, and recently, Twenty One Capita l, to mention a few, have shown a commitment to stacking Bitcoin as their strategic reserve asset. However, it appears public firms are now slowly warming up to XRP amid recent regulatory breakthroughs and growing institutional interest. Nasdaq-traded Digital Commodity Capital recently revealed that it holds 103,000 XRP, worth $225,570 at the current market price, and plans to expand its holdings of the caliber digital asset. While meager, the disclosure marks a major milestone for the XRP ecosystem in its plot to gain mainstream adoption. Reacting to the statement, market researcher SMQKE insinuated that this was just one of the many smart money bets on XRP, but now with a touch of public disclosure. https://twitter.com/SMQKEDQG/status/1915685466449313989 The prominent XRP community figure emphasized the significance of this public declaration, noting that it marks a notable shift in how institutions view the asset. While suggesting that many in the space quietly believe in XRP, he insisted that the company’s revelation that it holds the token in its corporate treasury has set a powerful precedent in the industry and will spark many more adoptions and disclosures in the near term. Meanwhile, Digital Commodity Capital becomes one of the few firms to report holding XRP in its treasury. Recall that energy firm Worksport announced in January that it has adopted Bitcoin and XRP as its strategic crypto treasury assets and has made an initial six-figure acquisition of the tokens. Digital Commodity Capital Commends Ripple-SEC Resolution Remarkably, Digital Commodity Capital's recent corporate treasury disclosure follows a publication commending the recent US Securities and Exchange Commission’s resolution of its years-long legal battle with Ripple. The March 26 statement followed Ripple's official withdrawal of its cross-appeal against the regulator a day earlier, marking substantial progress in the settlement.

The investment firm stressed that the progress made in the resolution exercise is a win not just for Ripple but for the entire crypto scene. Furthermore, the development would renew momentum within the XRP ecosystem, allowing institutions to interact without fears of regulatory impoundment. Meanwhile, the Ripple vs. SEC case settlement effort has progressed since then, with the two parties filing a joint statement on April 10 to officially pause appeals and pursue out-of-court settlements. Moreover, Ripple has suggested it should pay $50 million out of the $125 million initially ordered by Judge Analisa Torres last year, with the legal battle in its twilight.