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Stock impact report

C1 Fund Inc. Announces Equity Purchase in Ripple, Leading Enterprise Blockchain Solutions Provider

C1 Fund Inc. (CFND) 
Company Research Source: Business Wire
PALO ALTO, Calif.--(BUSINESS WIRE)--C1 Fund Inc. (NYSE: CFND) (“C1 Fund” or the “Fund”), a publicly traded closed-end investment company focused on late-stage digital assets and blockchain infrastructure, today announced it has bought shares in Ripple, a global provider of enterprise blockchain technology that aims to transform cross-border payments and financial infrastructure.Ripple’s established platform is used by a diverse array of financial institutions and enterprises globally, leveraging stablecoins such as RippleUSD (RLUSD) and the XRP Ledger (XRPL) — an open-source blockchain recognized for its efficient settlement and exchange of crypto-native and traditional financial assets.“Ripple’s technology and international reach fit directly with our strategy to support core infrastructure and institutional progress in blockchain finance,” said Elliot Han, Chief Investment Officer of C1 Fund Inc. “We believe this investment further positions C1 Fund to participate in the evolvin Show less Read more
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