San Francisco-based blockchain payment firm and major distributor of XRP, Ripple Labs Inc, recently released a comprehensive report of its Q2 performance, containing the platform’s total holdings of XRP.
According to the recently released markets report, as of the end of the second quarter, Ripple had 41,900,000,005 (41.9 billion) XRP tokens locked up in escrow. While the total of XRP tokens in its possession was 5,551,119,094 (5.55 billion).
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Notably, the number of XRP currently in the escrow compared to the 42,800,000,013 escrow-bound XRP recorded at the end of the first quarter, indicated a slight decrease of about one billion.
Meanwhile, Ripple grew its total XRP store in Q2, having recorded a slight increase from the 5,506,585,918 XRP holdings reported in Q1.
In a bid to boost operations on the XRP Ledger (XRPL) and other significant areas of the ledger’s operation, XRP tokens in escrow have been pre-fixed to get released over the next 42 months, which is relatively 3.5 years.
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In the report, Ripple spoke about a misconception that arose in the wake of the just-concluded summary judgment, which partly exonerated Ripple of many charges in the case filed by the United States Securities and Exchange Commission (SEC).
Ripple reiterated the stance it painted right from the start of the court proceedings, noting that the court’s final verdict has undoubtedly set a precedent for the crypto industry.
Also, the US-based payment firm maintained that the final ruling on the court case covers every investment class associated with Ripple Labs, including retail and institutional investors.
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