Tokentus shows promise as a smart contract platform on XRP Ledger.
Investments in Ripple on the Rise
Recently, Germany-based venture capitalist Tokentus Investment AG announced in a press release that it has invested in US blockchain payment company Ripple.
According to a statement made by the company, 100,000 was invested in Ripple through a Special Purpose Vehicle (SPV), a legal entity created to allow investors below a specific bar to pool their funds into a single asset.
Commenting on the issue, Tokentus CEO Oliver Michel said: “In our opinion, Ripple is among the most established and significant companies in the blockchain space. According to the company, an IPO is planned in perspective, in which we naturally want to be an investor. As part of its IPO, the SPV would be dissolved, and its shares of Ripple would be registered and directly transferred to Tokentus. This puts us in a good position.”
Ripple through Tokentus’ Eyes
According to company, Ripple is among the most established and significant companies in the blockchain space. Ripple has enormous potential for the future. The company would like to become an investor in the scenario where Ripple plans an IPO.
Benedikt Schulz, investment manager of Tokentus Investment AG, said: “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.”
Tokentus Investment AG, a German VC focused on the blockchain industry, also invested $50,000 in Polysign, an institutional digital asset custody provider with strong ties to Ripple. Prior to that, the firm invested $1.35 million in now-bankrupt crypto lender Celsius.
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