Ripple invested $25 million worth of XRP into the $150 million blockchain fund created by Blockchain Capital. Blockchain Capital, a venture capital firm dedicated to blockchain technology, designated Ripple’s investment to its own special purpose vehicle called the Blockchain Capital Parallel IV, which accepts cryptocurrency investments only.
A spokesperson for Blockchain Capital explained to Fortune that they “created the parallel fund to separate [their] other LPs from the risk of any change in valuation associated with accepting Ripple’s investment in XRP.”
Blockchain Capital’s acceptance of XRP makes the venture firm one of the first …
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