DWP Management Nets $200M in XRP After Ripple's SEC Victory
DWP Management Secures $200 Million in XRP Capital
Digital Wealth Partners Management (DWP Management) has announced the successful acquisition of approximately $200 million in capital for its various fund strategies. Notably, all contributions were made in XRP, a move that follows Ripple's recent legal victory against the U.S. Securities and Exchange Commission (SEC).
According to a press release, DWP Management has been accumulating this capital since April. The firm operates as the general partner for several private investment vehicles, facilitating direct digital asset contributions. This allows accredited investors to contribute XRP directly into the funds, streamlining the investment process with institutional-grade custody and compliance frameworks. This approach bypasses the traditional method of converting digital assets to fiat currencies.
“This growth reflects the broader evolution of how digital assets are being integrated into modern portfolios,” said Matthew Snider, Chief Investment Officer at DWP Management. “Our focus remains on delivering secure, compliant strategies aligned with long-term objectives.”
CEO Max Kahn emphasized that this milestone underscores the increasing significance of digital assets within diversified investment strategies. DWP Management is expanding its infrastructure and service offerings to cater to its evolving client base in the digital asset space.
The company offers institutional-grade custody solutions, ensuring the secure storage and 24-hour accessibility of client funds. Additionally, DWP Management provides crypto-backed loans, enabling clients to access liquidity without liquidating their Bitcoin, Ethereum, Solana, or XRP holdings. This development aligns with the conclusion of the protracted XRP lawsuit.
Ripple’s SEC Win Boosts Institutional Confidence
The resolution of the legal battle between Ripple and the SEC involved both parties jointly requesting the Second Circuit Appeals Court to dismiss the SEC’s appeal and Ripple’s cross-appeal. Each party will bear its own legal costs.
The initial lawsuit, initiated under former SEC Chair Jay Clayton, alleged that Ripple's sales of XRP to both institutional and individual investors constituted unregistered securities offerings. In 2023, Judge Analisa Torres ruled that XRP sales on public exchanges were not securities, while institutional sales were. Ripple is still subject to a $125 million penalty, which is currently held in escrow, and an injunction.
The SEC had previously granted Ripple a waiver, removing its “bad actor” designation and restoring its ability to raise private capital. This decision is seen by analysts as potentially reshaping capital-raising strategies within the crypto industry, particularly as more funds integrate cryptocurrency assets into their long-term investment plans.
This legal clarity coincides with Ripple's $200 million acquisition of payment infrastructure firm Rail, enhancing XRP's utility as a bridge asset for cross-border transactions. With the legal dispute resolved, Ripple can now concentrate on expanding its operations.