tokentus investment AG invests in Ripple Labs Inc, provider of a global and blockchain-based payment system, via an SPV

by Arthur · January 18, 2023

EQS-News: tokentus investment AG / Keywords: Investment
tokentus investment AG invests in Ripple Labs Inc, provider of a global and blockchain-based payment system, via an SPV
19.01.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

tokentus investment AG invests in Ripple Labs Inc, provider of a global and blockchain-based payment system, via an SPV

The Ripple XRP ledger is designed to enable fast, secure, cost-effective and global transfer of various digital currencies
Proprietary, established cryptocurrency XRP as a value transfer and conversion medium
Ripple/XRP is among one of the longest running blockchain projects
tokentus’ USD 100,000 investment in Ripple Labs Inc. is made via a typical SPV (special purpose vehicle) structure

Frankfurt am Main, 19 January 2023 – tokentus investment AG (“tokentus”, ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D), headquartered in Frankfurt am Main, Germany, invests USD 100,000 in an SPV structure (specifically vehicle as an investment company) with shares in Ripple Labs Inc. (www.ripple.com), headquartered in San Francisco, California (USA). This is not an investment to buy the XRP token and is basically not a direct investment.

Ripple operates a global marketplace that allows banks and financial institutions to make cross-border payments in its cryptocurrency XRP securely in a fraction of the time and, it says, at a significantly lower cost than traditional payment systems. Ripple shares are also owned by high-profile investors, including Google Ventures, Accenture Ventures, Andreessen Horowitz, and Lightspeed, among others.

From tokentus’ perspective, Ripple is one of the largest and longest-running blockchain projects, offering various solutions for banks, financial institutions and businesses through RippleNet: processing cross-border payments across currencies, as well as the Liquidity Hub, a one-stop-shop for cryptocurrencies that allows financial institutions and their customers access digital assets through various channels such as OTC brokers, crypto exchanges and decentralized marketplaces. By using RippleNet, banks can reduce their total payment costs by approx. 60% and infrastructure costs for international payments with approx. 40%, according to the company.

The Ripple payment network is based on the so-called XRP Ledger technology, a blockchain established in the financial industry, where more than 70 million transactions have already been carried out in the last ten years. In this context, the XRP cryptocurrency is used in the XRP Ledger as a value transfer medium for the conversion and transfer of foreign currency between counterparties in RippleNet.

Ripple has partnerships with, among others, American Express and Santander, aimed at accelerating cross-border payments between the US and the UK using blockchain technology. It also has partnerships with Bank of America and Standard Chartered. Ripple says it currently has around 300 customers in 55 countries.

From tokentus’ perspective, Ripple is led by an experienced and industry-recognized team led by CEO Brad Garlinghouse and currently employs nearly 900 people worldwide.

“In our opinion, Ripple is among the most established and significant companies in the blockchain area. According to the company, an IPO is planned in perspective, in which we naturally want to be an investor. As part of the IPO, the SPV will be dissolved and the shares in Ripple will be registered and directly transferred to tokentus. This puts us in a good position,” said Oliver Michel, CEO of tokentus investment AG. “We see great future potential for Ripple, especially if so-called smart contracts, i.e. digital contracts based on the blockchain, continue to gain acceptance in Ripple technology, which we are convinced of,” adds Benedikt Schulz, chief investment officer at tokentus.

About tokentus investment AG
tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company with a focus on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich Stock Exchange and are traded on XETRA and other German exchanges.

With the help of an ever-growing network of co-investors, tokentus buys international financial investments, shares in companies with a business model directly connected to the blockchain technology and SPV structures. Thus, shareholders in tokentus investment AG can indirectly invest in a diversified, international portfolio in the pioneering blockchain market. Tokentus investment AG considers itself an investment pool and a central access point for investors in the blockchain market. As a German public holding company, tokentus is committed to transparency and regular communication with its investors. Tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures.

For more information see: www.tokentus.com

Disclaimer
This publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the “Shares”) may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of “U.S. persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“Securities Act”)). The securities have already been sold.

Get in touch for questions
Oliver Michel
CEO there tokentus investment AG
Tel: +49 175 7222 351
[email protected]
www.tokentus.com

19.01.2023 CET/CEST Dissemination of a company news, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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