-
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6.06%
who owns ripple
Ripple's ownership is private, with Ripple Labs holding a majority stake, while key investors such as Andreessen Horowitz and Google Ventures also have significant holdings.
Oct 15, 2024 at 06:24 am
Who Owns Ripple?
Ripple is a decentralized payment network designed for fast and cost-effective global transactions. The network was developed by Ripple Labs, a FinTech company founded in 2012. The company is headquartered in San Francisco, California, and has offices in other major cities worldwide.
1. Ownership Structure
The ownership structure of Ripple is private, with Ripple Labs retaining the majority of the company's shares. The exact distribution of ownership is not publicly disclosed. However, it is known that several key investors have stakes in the company, including:
- Andreessen Horowitz
- Google Ventures
- IDG Capital Partners
- Seagate Technology
- SBI Holdings
2. Key Shareholders
- Brad Garlinghouse (CEO): As the CEO and co-founder of Ripple, Garlinghouse is believed to be the largest individual shareholder.
- Chris Larsen (Co-founder): Larsen is the other co-founder of Ripple and is considered one of the company's largest shareholders.
- Jed McCaleb (Co-founder): McCaleb was a co-founder of Ripple but left the company in 2013. He still holds a significant number of XRP, Ripple's native cryptocurrency.
3. XRP Distribution
XRP is a cryptocurrency created by Ripple Labs specifically for use on the Ripple network. Ripple Labs initially distributed a large portion of the total XRP supply (approximately 80%) among its founders, investors, and company reserves. The remaining 20% was sold to the public through several rounds of token sales.
4. Company Governance
Ripple Labs is governed by a Board of Directors, which includes both internal executives and external investors. The Board is responsible for overseeing the company's strategic direction and financial affairs.
5. Ownership Transfer
In 2020, Ripple Labs transferred a significant portion of its XRP holdings to a trust controlled by an independent board of directors. This move was intended to enhance the decentralization of the Ripple network and reduce regulatory scrutiny.
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