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C با Tetragon Financial Group، یک شرکت سرمایه‌گذاری مستقر در بریتانیا، ۲۰۰ میلیون دلار سرمایه جمع‌آوری کرده بود.

با این حال، در دسامبر ۲۰۲۰ (آذر-دی ۱۳۹۹)، کمیسیون بورس و اوراق بهادار ایالات متحده یک شکایت مالی ۱.۳ میلیارد دلاری علیه ریپل و همچنین کریس لارسن یکی از بنیانگذاران و براد گارلینگ هاوس مدیر عامل شرکت صادر کرد و طرفین را متهم کرد که از رمزارز بومی ریپل، XRP، به عنوان یک اوراق بهادار ثبت نشده و بدون مجوز استفاده می کنند.

تتراگون با هدف جدا کردن خود از ریپل در میان دعوای عمومی این مدت که سر و صدای زیادی به پا کرده است، در اوایل ژانویه ۲۰۲۱ (دی ۱۳۹۹) از ریپل در دادگاه سلطنتی Delaware شکایت کرد و به دنبال اجرای تعهد قراردادی مبنی بر بند بازپرداخت به ارزش مبلغ سرمایه گذاری مورد تعهد این شرکت بود.


This website contains forward-looking statements, which reflect the views of Tetragon with respect to, among other things, Tetragon’s operations. Investors can identify these forward-looking statements by the use of words such as “believe”, “expect”, “potential”, “continue”, “may”, “will”, “should”, “seek”, “approximately”, “predict”, “intend”, “plan”, “estimate”, “anticipate” or other comparable words. These forward-looking statements are subject to various risks, uncertainties and assumptions.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Should any assumptions underlying the forward-looking statements contained on this website prove to be incorrect, the actual outcome or results may differ materially from outcomes or results projected in these statements.
Bitcoin still dominates in that area, representing over 65% of the cryptocurrency market’s total value.

Still, investor activity shows there are pockets of potential in the blockchain sector worth tracking. Using CB Insights data, we analyze investment trends across the space from Q4 2019.


Fourth quarter funding down sharply from a year ago

Overall, dollar funding in 2019 was down 28% from 2018’s peak of $4.3B, while deal activity remained relatively flat.

Companies like Bitmain (cryptocurrency mining hardware) and Coinbase (cryptocurrency exchange) were the top two fundraisers in 2018, demonstrating investors’ focus on public cryptocurrencies. The companies raised $400M and $321M, respectively, both contributing to 2018’s spike.

In Q4’19, companies in the blockchain space raised $785M across 164 deals, representing a 36% decline from Q4’18.

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The company has reportedly seen a 10-fold year-over-year growth in transactions, while the firm’s global payments network RippleNet grew to more than 300 customers worldwide.

While Ripple claims that 2019 has become its strongest year so far, the company has seen a significant drop in sales in the third quarter of 2019. In mid-October, Ripple’s Q3 2019 sales were down over 73% compared to the record sale of $251.51 million in Q2.

Earlier this year, Ripple entered a partnership with the world’s second-largest remittances firm, MoneyGram, with Garlinghouse claiming that MoneyGram using Ripple’s xRapid liquidity product is a bigger deal than Facebook’s stablecoin project Libra.

Ripple 200m tetragon 10bk

As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019.”

Talking to Fortune, Garlinghouse declined to disclose details of Ripple’s revenues or operating profitability, but said the company is adhering to its core strategy of promoting the adoption of XRP. While Ripple earns money from licensing its money transfer software, its priority is XRP, since widespread adoption of the cryptocurrency would boost its price—and allow the company to profit from selling its reserves.

As previously reported, Ripple has seen its client base grow 50% this year, while some 7% use XRP for cross-border liquidity. They claim to have over 300 customers in over 45 countries.

Ripple 200m tetragon 10bg

CRYPTO MOVERS AND PRICESCRYPTO STORY OF THE DAY

XRP (‘Ripple’) Is Making New Lows, Touching On The Worst Levels Since August 2017 – The Protocol Has Had A Disappointing 2019 As XRP Continues To Struggle To Attract Utility

In late 2018, XRP had at times surpassed ETH as the second-largest crypto by market cap. The story was far different in 2019. XRP was the worst-performing crypto in the Top 10, losing half of its market cap or over USD 7B equivalent. While the coin has managed to hold on to have the third-largest cap, it held an over 10B lead on 4th place this time last year but now is only ahead by ~3B (over USDt).

Blockchain companies have lost a step in the private markets.

The STATE OF Blockchain 2021

The global blockchain unicorn count jumped from 9 to 47 in 2021. Download our free report to get all the trends.

Total equity funding to the space, which is one measure of investor enthusiasm, fell over 30% in 2019. Mentions of the technology in public company earnings transcripts also dropped off.

One of the reasons for this slip is that many products are still trying to find product market fit.

Entrepreneurs have pitched applications for blockchain technology ranging from supply chain tracking to financial asset settlement, but the only one that has found adoption at any significant scale so far is cryptocurrency creation and trading.

No public offering of any Tetragon shares is being, or has been, made in the United States.

In addition, Tetragon has not been and will not be registered under the United States Investment Company Act of 1940. Direct or indirect beneficial ownership of securities issued by Tetragon to any U.S. person who is not a “qualified purchaser” as defined in the Investment Company Act and applicable rules thereunder is prohibited. Under Tetragon’s Articles of Incorporation, the directors of Tetragon may in certain circumstances compel the transfer of any Tetragon shares owned directly or beneficially by any person who is not a “qualified purchaser”.

Furthermore, Tetragon shares may not be held by any “benefit plan investor” that is subject to Title I of the United States Employee Retirement Income Security Act of 1974.

Ripple between their high-profile and publicly open case.

However, the court found in favor of Ripple and against the plaintiff, Tetragon, barely three months later in April, putting an end to the financial conflict.

CEO expresses optimism for 2022

Ripple’s willingness to purchase shares from Tetragon, SBI Holdings, and Route 66 Ventures suggests that the company is trying to boost its financial position, a stance that Garlinghouse hinted at in a recent tweet thread.

“Even with 2021’s headwinds, it was our best year on record,” he stated, revealing that the company’s $1-billion bank balance makes it the “strongest we’ve ever been.”

RippleNet is much more than cross-border payments – it’s bringing crypto-native services such as liquidity to enterprises. Today, the network has a volume run rate $10B.

You should obtain relevant and specific professional advice before making any investment decision.

The information and opinions contained in this website are provided without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. Neither Tetragon nor any of its affiliates further assumes any responsibility for, and makes any warranties that, information and supplies contained on this website will be uninterrupted or error-free, that defects will be corrected, or that this website or the servers that make it available will be free of viruses or other harmful components.

Forward-Looking Statements

Nothing in this website is, or should be relied on as, a promise or representation as to the future.

At this point, in spite of numerous attempts to integrate their token further in their payment system, there have been no obvious signs of increased utility.

XRP and Ripple, who continue to face a slew of lawsuits, need their utility efforts to succeed if they hope to stem XRP market cap decline in 2020.

NOTE: Ripple released details of its Series C funding round last night. Ripple announced a series C funding round worth $200M, implying a $10B valuation. The round was led by Tetragon and saw contributions from SBI and Route 66 Ventures, among others. In an interview with Fortune regarding the raise, CEO Brad Garlinghouse declined to discuss revenues or operating profitability.

Ripple Raises USD 200M From Tetragon, SBI Holdings & Route 66 Ventures

Ripple, a San Francisco-based blockchain startup focusing on the payments technologies, announced that it raised USD 200 million in Series C funding from a group of notable investors.

The funding round was led by global investment firm Tetragon, with participation from Ripple-friendlySBI Holdings and Route 66 Ventures, the announcement says.

This investment, says the company, marks a record year for the business, but also additionally proves both the value of blockchain in improving global payments and the broader utility of the digital asset XRP and the XRP Ledger.

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