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RNS - tokentus investment AG bought XRP coins for 50,000 euros and thus expands its investment in Ripple

Company: Tokentus Investment AG Date: 2023-07-20 Language: English Register to download

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 News Details

Corporate | 20 July 2023 07:30

#   

tokentus investment AG bought XRP coins for 50,000 euros and thus expands its investment in Ripple

EQS-News: tokentus investment AG / Key word(s): Miscellaneous  

tokentus investment AG bought XRP coins for 50,000 euros and thus expands its investment in Ripple  

20.07.2023 / 07:30 CET/CEST  

The issuer is solely responsible for the content of this announcement.  

**tokentus investment AG bought XRP coins for 50,000 euros and thus expands its investment in Ripple**

-   **The Ripple XRP Ledger enables the blockchain-based secure, global transfer of different currencies quickly and cost-efficiently**
-   **XRP is Ripple’s own cryptocurrency, that is used as a value transfer and conversion medium**
-   **tokentus extends its investment in Ripple Labs with the purchase of XRP tokens in the amount of EUR 50,000**

Frankfurt am Main, 20 July 2023 – Frankfurt-based tokentus investment AG (“tokentus”, ISIN: DE000A3CN9R8; WKN: A3CN9R; Symbol: 14D) bought EUR 50,000 in XRP, Ripple’s proprietary cryptocurrency. tokentus had already acquired shares in Ripple Labs (www.ripple.com), based in San Francisco, California (USA), via a so-called special purpose vehicle (SPV) in January 2023. Ripple, based on their own statement, operates a global trading centre that enables banks and financial institutions to make cross-border payments in Ripple’s proprietary cryptocurrency XRP as a value transfer and conversion medium in a fraction of the time, securely and at significantly lower cost than traditional payment systems.

The Ripple payment network is based on the so-called XRP ledger technology, which enables this secure global transfer of different currencies. In this process, the cryptocurrency XRP contained in the XRP ledger is used as a transfer medium for the conversion and transfer of foreign currencies between counterparties in the RippleNet.

“We expect, based on our own analysis, that Ripple Labs as a software and consulting business, as well as the XRP token as a cryptocurrency, will play significant roles in the financial industry’s evolution towards the use of blockchain technology,” said Oliver Michel, CEO of tokentus investment AG. “We have of course, always been watching, the XRP coin in parallel with Ripple Labs. Our investment was made after a court decision, in the week of the 13th of July 2023, that brings clarity to the fact that the XRP coin is not a security in the U.S.,” adds Benedikt Schulz, Investment Manager at tokentus. “This investment in XRP-Coins complements our previous investment in Ripple Labs and we are acting in accordance with our investment guidelines, according to which we only acquire tokens from companies in which we also hold equity,” adds Mona Tiesler, Investment Manager at tokentus.

**About tokentus investment AG**  

tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company focusing on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich stock exchange and traded on XETRA and other German stock exchanges.

With the help of a constantly growing network of co-investors tokentus acquires international financial investments, shares of companies with a business model that is directly connected with the blockchain technology and SPV structures and does fund-of-funds investments. Thus, shareholders of the tokentus investment AG are able to indirectly invest in a diversified, international portfolio in the pioneering blockchain market. tokentus investment AG considers itself an investment pool and central access point for investors in the blockchain market. As a German public holding company tokentus has committed itself to transparency and regular communication with its investors. tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures.

For further information see: [](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=edd33fcd7a454a59da8d6d2df1826ca9&application_id=1683993&site_id=news_data&application_name=news)[www.tokentus.com](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=edd33fcd7a454a59da8d6d2df1826ca9&application_id=1683993&site_id=news_data&application_name=news)

**Disclaimer**  

This publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the “Shares”) may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of “U.S. persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)). The securities have already been sold.

**Contact for queries**  

Oliver Michel  

CEO der tokentus investment AG  

Tel: +49 175 7222 351  

contact@tokentus.com  

[www.tokentus.com](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=02727781b5a3545e2e5d1868e2588239&application_id=1683993&site_id=news_data&application_name=news)

  

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20.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.eqs-news.com  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | tokentus investment AG |
|     | Taunusanlage 8 c/c WeWork |
|     | 60329 Frankfurt |
|     | Germany |
| E-mail: | contact@tokentus.com |
| Internet: | www.tokentus.com |
| ISIN: | DE000A3CN9R8 |
| WKN: | A3CN9R |
| Listed: | Regulated Unofficial Market in Frankfurt, Munich |
| EQS News ID: | 1683993 |

  

|     |     |
| --- | --- |
|     |     |
| End of News | EQS News Service |

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