Galaxy Digital, the financial services firm led by Mike Novogratz, has disclosed a significant investment in both the XRP token and Ripple Labs, the company behind it. According to an SEC filing on August 5, 2025, Galaxy holds 15.39 million XRP tokens—valued at $34.4 million—and a $97.3 million equity stake in Ripple Labs.
This dual investment makes XRP the seventh-largest crypto asset in Galaxy’s $3.56 billion digital asset portfolio. The move is particularly noteworthy as it signals strong institutional confidence in XRP’s long-term potential, despite the token’s years-long legal battle with the SEC.
Galaxy’s filing acknowledged the “ongoing regulatory uncertainty” but also highlighted that the SEC’s lawsuit against Ripple appears to be winding down. The agency recently agreed to a $50 million civil settlement and has signaled an intent to drop the case. This potential resolution, along with Ripple’s focus on compliant, scalable blockchain solutions for global payments, seems to be a key driver for Galaxy’s investment.
The firm’s stake in both the asset and the company suggests a strategic, long-term play rather than a speculative trade. This move is seen by many in the crypto community as a major validation of Ripple’s vision for next-generation financial infrastructure, including central bank digital currencies (CBDCs) and asset tokenization.
August 2025, Cryptoniteuae
