Wall Street Giant Discloses Colossal XRP Holding

C1 Fund Inc. (NYSE: CFND) just released its portfolio structure, raising some eyebrows across the XRP Army. The indirect exposure to XRP comes via private equity in Ripple Labs, more like a stake in crypto company shares rather than holding XRP on the balance sheet. However, the price swings still matter, as it directly affects the potential market value of Ripple Labs, Inc.

With a 17.5% allocation to their portfolio, this Wall Street beast chose Ripple Labs equity as the top pick, leaving behind Kraken’s original infrastructure provider Payward at 16.9%. The number one pick is valued at $7.5 million, while the runner-up at $7.2 million.

Other key C1 Fund portfolio allocations include big blockchain industry names like Alchemy, BitGo, Blockchain.com, Chainalysis, ConsenSys, Figment, Fireblocks, Polymarket (Blockratize Inc.) & Uphold. The Net Asset Value (NAV) is $6.49 per share. However, the listed price now is $2.87, but that may drastically change once Ripple Labs goes public.

The Wall Street C1 Fund could rely on these two catalysts for a big pay-day: they either HODL until XRP hits a better price range, thus boosting the private mark, or the Wall Street company waits until Ripple Labs does an Initial Public Offering (IPO). The San Francisco-based fintech giant’s key figures have expressed different opinions on going public.

Ripple’s CEO Brad Garlinghouse took a neutral stance, while Ripple’s President Monica Long said the company is privately valued at $50 billion after the $500 million private fund raise last year & currently refrains from public-market cash. Ripple has set buyback options for C1 Fund in case the NAV doesn’t rebound. The conviction is tied to the broader ecosystem.

Further on, the RLUSD stablecoin adoption could boost that NAV value as much as XRP's price growth, but a lot depends on the regulatory tailwinds as well. If the CLARITY Act goes into effect this year, this could pave the way for Ripple’s institutional partners to cash out in comfortable territory. With the Senate returning in mid-September, the month’s going to be hot for the market.

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