Ripple transfers $25m to Blockchain Capital

Apr 13, 2018 • Thierry Heles

Blockchain-based financial technology developer Ripple has provided $25m for US-based venture capital firm Blockchain Capital’s Blockchain Capital Parallel IV fund, it revealed on Wednesday.

The capital was supplied by Ripple in the form of its proprietary cryptocurrency, XRP. Parallel IV closed at $25m last month alongside the $125m Blockchain Capital IV fund according to regulatory filings, bringing the total raised to $150m.

Ripple operates a currency exchange and remittance platform that relies on XRP to process payments in real time. It has…

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