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The UK-based investment giant has stated that it plans to redeem its Series C stock as per the “contractual right”. Thus, it asks regulators to prevent Ripple from using its cash or other liquid assets until it clears the dues. Ripple says the lawsuit by Tetragon holds no merit.Soon after
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One of Ripple Labs’ big financial backers is looking to reverse its bet on the XRP issuer.Tetragon Financial Group LTD, the multi-billion asset manager-turned-plaintiff, had led Ripple’s $200 million funding round in December 2019. On Monday night the U.K.-based firm moved to exit its position in a sealed filing in
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Blockchain-based payments firm Ripple has raised $200 million in a Series-C funding round led by alternative asset investment firm Tetragon. Japan's SBI Holdings and VC firm Route 66 Ventures also participated, Ripple announced on Friday. “We are in a strong financial position to execute against our vision. As
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