
XRP Lands Its First $10 Million Corporate Acquisition: Details
$10 million XRP acquisition announced by Hyperscale Data, and here's what it's for[...]
Hyperscale Data Embraces Crypto Lending with $10M XRP Investment
Hyperscale Data, a leading data center operator, has announced plans to purchase up to $10 million worth of XRP in preparation for the launch of its new blockchain-based lending platform. Slated for the third quarter of 2025, this strategic move positions the company at the forefront of decentralized finance (DeFi), with a focus on serving U.S. public companies.
The core asset for Hyperscale's enterprise lending system, XRP will be used exclusively for companies listed on the NYSE, NYSE American, and NASDAQ. Initially in beta, the platform will allow eligible firms to borrow XRP on negotiated terms, backed by collateral or convertible into registered equity.
To mitigate crypto volatility, Hyperscale's subsidiary, Ault Capital Group (ACG), plans to utilize XRP futures on the Chicago Mercantile Exchange. Additionally, the platform will be built on the XRP Ledger, chosen for its speed and low-cost transactions.
While the XRP acquisition and platform rollout are subject to market and regulatory conditions, Hyperscale's $10 million investment positions the company as a trailblazer in bringing tokenized finance to the public equity space in a structured, institutional manner.