11:34 AM EDT, 10/10/2025 (MT Newswires) -- C1 Fund ( CFND ) , a closed-end investment company, said late Thursday that it has acquired an equity position in Ripple, a provider of enterprise blockchain technology.

Details of the share purchase were not disclosed.

Ripple's platform is used by financial institutions and enterprises that use stablecoins such as RippleUSD (RLUSD-USD) and the XRP Ledger for settlement and asset exchange, the company said.

"This equity purchase marks a continuation of C1 Fund's ( CFND ) strategy to identify innovative companies advancing responsible digital asset adoption," C1 Fund ( CFND ) said.

C1 Fund ( CFND ) shares were up more than 4% in recent trading.

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