Wall Street Offered Ripple $500M Deal for 90% of XRP with Safety Net, Bloomberg Reports

According to a Bloomberg report, major Wall Street firms previously viewed Ripple as a company whose value was almost entirely tied to its XRP holdings. These financial institutions proposed a deal to invest $500 million in Ripple, but with a significant condition: they sought control over approximately 90% of the company's XRP supply. The offer reportedly included a "safety net" clause designed to protect the investors from a potential collapse in XRP's market value. This historical insight highlights the early institutional perspective on Ripple's business model and the perceived risk associated with its native digital asset. The proposed deal underscores the cautious yet substantial interest from traditional finance in the cryptocurrency sector during its earlier stages of development.