ZK International Group Co., Ltd., through its wholly-owned subsidiary xSigma Corporation, announced a unique financing strategy targeting the global XRP cryptocurrency community. The company plans to raise up to $1 billion by offering ZKIN warrants that can be exercised using XRP. This initiative aims to bridge the cryptocurrency market with the stock capital market.
This novel approach allows holders of Ripple's XRP, a digital asset with a market cap of approximately $130 billion and over 5 million active wallets, to gain exposure to a Nasdaq-listed equity. This can be achieved without converting their XRP into fiat currency. ZKIN is positioned to tap into this network by extending warrant-based access to XRP holders.
Chairman Jiancong Huang stated that this plan is a purpose-built platform to bring decentralized finance to Wall Street through compliant, creative mechanisms like XRP-denominated warrant access. To support this, ZK International plans to appoint an experienced Crypto Integration Facilitator. This facilitator will handle research, feasibility analysis, compliance, and design of blockchain and digital asset initiatives.
The company is implementing strict governance and oversight standards, including transparency in warrant issuance, regulatory disclosures, and custodial protocols. The warrants, if exercised, would provide investment exposure and make funds available to ZKIN's overall operations. This strategy combines innovative public market participation tools with the scale of the crypto economy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.