Palo Alto-based C1 Fund announced Monday it achieved approximately 150% returns on a partial sale of its Ripple stake in less than four months. The closed-end investment vehicle provides retail investors access to private digital asset companies via a NYSE-listed ticker.
C1 Fund initially took an equity position in Ripple in October 2025, supporting innovation in the digital asset sector. Ripple's network, featuring the XRP Ledger and RLUSD stablecoin, is utilized by financial institutions for efficient asset transfers.
Last month, Ripple Labs introduced a share buyback initiative valuing the company at roughly $50 billion. This follows a $500 million raise in November at a $40 billion valuation. The buyback facilitated C1 Fund’s liquidity event, boosted by Ripple's soaring valuation.
"This realization reflects the kind of outcome we aim to deliver through disciplined portfolio construction and active management," stated Elliot Han, Chief Investment Officer of C1 Fund. "We invested in Ripple with a clear view of the company’s strategic position, and this transaction demonstrates our ability to capture value while continuing to maintain exposure to high-quality private market opportunities."
C1 Fund CEO Dr. Najam Kidwai added that the transaction validates the firm's strategy of sourcing strong private market deals and delivering realized value to shareholders. This marks the fund's second liquidity event since its NYSE listing last August, following the IPO of portfolio holding BitGo in January 2026.
The fund maintains positions in other private digital asset companies, including Kraken, Consensys, and Chainalysis.