# Xpring

Xpring is a Venture Capital based in Mountain View, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Mountain View, United States
- **Region:** North America
- **Address:** Mountain View, CA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** xpring.com
- **LinkedIn:** https://www.linkedin.com/company/xpring

## Regulatory record

- **Reports private funds:** No

## About

Xpring was established in 2018 by Ripple Labs as its dedicated investment and incubation arm, with the mandate to accelerate adoption of the XRP Ledger and other decentralized technologies. The firm operates alongside Ripple's core payments business, sharing leadership talent like David Schwartz, who serves as both Ripple CTO and a principal architect of Xpring's strategy. Xpring deploys capital across three channels: direct equity stakes in early-stage blockchain companies, liquidity grants to projects building on the XRP Ledger, and strategic partnerships with exchanges and custody providers. Confirmed investments include the cryptocurrency exchange Bitstamp, the blockchain interoperability protocol Flare Network, and the decentralized financial platform Securitize, 2023). The firm targets developers, fintechs, and infrastructure plays across North America, Europe, and Asia — with a particular focus on the XRP ecosystem. Xpring has committed roughly $1 billion to blockchain projects since inception, making it one of the larger corporate venture capital arms in crypto by deployment volume, 2021). The team spans offices in Mountain View, San Francisco, New York, and George Town, Cayman Islands. In 2023, amid Ripple's ongoing SEC litigation, Xpring maintained a consistent deal flow, though its investment pace moderated in the bear market, 2023). Xpring's structural differentiator is its explicit alignment with the XRP Ledger — a relationship that both concentrates conviction and constrains its mandate relative to independent crypto funds. The firm's governance is nested inside Ripple Labs, meaning investment decisions are blended with the parent company's strategic objectives rather than purely financial returns. This hybrid model, part corporate venture arm and part protocol-aligned treasury manager, is rare among top-tier blockchain investors.

## Sectors

- FinTech
- Blockchain & Crypto
- Digital Assets
- Infrastructure

## Offices

- San Francisco, CA
- George Town, Cayman Islands
- New York, NY

## People

- David Schwartz — Chief Technology Officer
- Ethan Silver — Head of Investments

## Related profiles

- [Divergence](https://altss.com/profile/divergence)
- [RTK Group](https://altss.com/profile/rtk-group)

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Last updated: 2026-06-03T20:00:00.000Z

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