- Ripple says XRP and company shares are two completely different assets.
- Garlinghouse confirms Ripple never sold shares through Linqto.
- Linqto’s sale of Ripple shares prompted brand protection measures.
Ripple CEO Brad Garlinghouse has addressed growing confusion among investors over the difference between XRP and Ripple shares. In a statement shared via X, he made it clear that XRP is a digital asset, while Ripple shares represent company ownership and are not connected to XRP in any way.
Investor misunderstandings reportedly increased following Linqto’s sale of Ripple shares on its platform. Most buyers had a false opinion that they were buying stocks directly from Ripple. Garlinghouse clarified that Ripple was not involved in this kind of transaction and has nothing official with Linqto.
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He verified that Linqto bought an approximate of 4.7 million Ripple shares using second-market transactions with initial investors. Ripple did not make or authorize such transactions.
The company only did this to ensure that Linqto indeed had the shares that it said it had, but Garlinghouse made it clear that this was not an endorsement.
Ripple Distances Itself from Linqto’s Share Sale Activities
Due to rising concerns and brand risks, Ripple halted all secondary share transactions involving Linqto in late 2024. This decision was made to prevent further confusion among retail investors and to protect Ripple’s public image.
Garlinghouse also denounced the way Linqto had dealt with the sale process, arguing that Ripple was not aware of how the platform defined the shares or handled customer money.
He made it clear that Ripple has never entered into any dealings with Linqto and did not participate in any funding rounds of which the company was a part.
He added that Ripple does not know how Linqto intends to address any issues its customers are now facing. Although Ripple’s stock has grown in value over time, Garlinghouse cautioned those interested in investing in it that any profit made using Linqto lies beyond Ripple’s control.
Conclusion
Garlinghouse’s statement highlights Ripple’s firm stance on separating itself from Linqto’s operations. The company remains committed to clarifying the distinction between its digital asset XRP and its privately held shares to eliminate further confusion.
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