C1 Fund Inc. (NYSE: CFND), a publicly traded closed-end investment company, announced its acquisition of shares in Ripple, a global provider of enterprise blockchain technology focused on transforming cross-border payments and financial infrastructure.
This investment aligns with C1 Fund’s strategy to support core infrastructure and institutional progress within blockchain finance. Elliot Han, Chief Investment Officer of C1 Fund Inc., stated, “Ripple’s technology and international reach fit directly with our strategy to support core infrastructure and institutional progress in blockchain finance. We believe this investment further positions C1 Fund to participate in the evolving landscape of digital assets.”
Ripple’s platform is utilized by financial institutions and enterprises worldwide. The company leverages stablecoins such as RippleUSD (RLUSD) and the XRP Ledger (XRPL), an open-source blockchain known for its efficiency in settling and exchanging crypto-native and traditional financial assets.
Dr. Najam Kidwai, Chief Executive Officer of C1 Fund Inc., 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. As we continue to expand and diversify our portfolio, investors can look forward to additional announcements in the near future as C1 Fund pursues opportunities with industry-leading digital asset and technology companies.”
C1 Fund Inc. is a Maryland corporation based in Palo Alto, California, with C1 Advisors LLC serving as its investment adviser. The Fund’s objective is to maximize total return, primarily through capital gains from equity and equity-related investments. Under normal market conditions, at least 80% of its total assets are invested in equity and equity-linked securities of companies principally engaged in the digital assets services and technology sector, excluding companies primarily administered in the People’s Republic of China, including Hong Kong and Macao.
