Ripple fund

Ripple fund

His name is Chris Larsen, and he’s the co-founder and former CEO of Ripple, which created the digital token known as XRP. He’s now one of the world’s richest billionaires, thanks to XRP’s incredible hot streak. XRP, a cryptocurrency intended for international transactions, has had a meteoric rise this ripple fund. Bitcoin may grab the most headlines of any cryptocurrency, but the San Francisco-based Ripple, launched in 2012, is one to watch closely.

Larsen helped start the company, whose XRP token has much more oversight than the relatively decentralized Bitcoin. And while the creator of Bitcoin remains basically unknown, Larsen is a visible, established figure. Larsen stepped down from his CEO duties at Ripple in November 2016, giving over control to current CEO Brad Garlinghouse, who owns a 6. Based in San Francisco, Larsen graduated from San Francisco State University in 1984 with a bachelor’s degree in accounting and finance.

Berkeley and was active in helping local Buddhist organizations. He earned his MBA from Stanford University in 1991. Larsen’s financial knowhow and ties to the banking industry have no doubt helped Ripple and its XRP make a strong footing in the still tumultuous world of cryptocurrency. This post has been updated with new information since its original publication. Money may receive compensation for some links to products and services on this website.

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Blockchain Capital will invest the XRP cryptocurrency in blockchain-focused projects. This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers. 25 million investment in the form of its own cryptocurrency into a dedicated sidecar vehicle alongside Blockchain Capital’s fourth venture fund. 150 million to invest in equity and cryptocurrency assets. Now, Blockchain Capital says it accepted XRP, reportedly making it one of the first venture firms to accept capital calls in digital assets.