Wealth’s $200M XRP Bet Signals Institutional Confidence
Jake Claver, CEO of Digital Ascension Group, revealed that Digital Wealth Partners has amassed over $200 million worth of XRP, signaling strong institutional confidence in the token’s potential. He highlighted XRP’s suitability for settling tokenized assets and its promise as a next-generation payment rail bridging global finance.
Claver also introduced crypto-backed loans with loan-to-value ratios up to 80% and rates between 13% and 16%, noting partnerships could reduce borrowing costs. He compared XRP’s interoperability to email protocols, emphasizing its role in cross-border payments while acknowledging regulatory hurdles like KYC and AML compliance.
XRP/USD is trading around $2.94. A key catalyst is the SEC’s expected clarity on XRP’s status in August 2025. A favorable outcome could trigger a rally, whereas delays might dampen prices. Market sentiment will also hinge on U.S. rate decisions and broader crypto adoption trends.
Bullish
Claver’s revelation of a $200M institutional XRP holding and the introduction of crypto-backed loans underscore significant institutional uptake and utility. Such large-scale bets often precede bullish runs, as seen when major funds signaled confidence in Bitcoin or Ethereum ahead of rallies. The expected SEC clarification in August 2025 represents a clear catalyst that could unlock further demand. In the short term, volatility around regulatory updates and U.S. rate decisions may induce swings. Long term, if XRP gains adoption for tokenized asset settlement, it could establish sustained buying pressure and drive prices higher. Therefore, the overall impact is bullish, driven by institutional endorsement and potential regulatory clarity.