Ripple Labs Reportedly Interested in Purchasing Crypto Lender Celsius Network’s Asset 

Ripple Labs Interested in Celsius Network’s Asset.

The blockchain company wants to first study the importance of Celsius’ assets to its business before taking a decision.

Silicon Valley tech company, Ripple Labs, has reportedly indicated an interest in potentially acquiring bankrupt crypto lender Celsius Network assets. Reuters reports that the development was revealed by a spokesperson of the company.

According to the spokesperson, Ripple wants to learn more about Celsius’ assets and see if they will be useful to its businesses. After completing the analysis, Ripple will decide whether to purchase the assets based on their significance to its operations. 

“We are interested in learning about Celsius and its assets and whether any could be relevant to our business,” the anonymous spokesperson said. 

The source did not say whether Ripple is interested in buying Celsius assets outright but noted that the company would study the relevance of the assets to its businesses. 

Furthermore, the source further revealed to Reuters that Ripple is currently looking for mergers and acquisition (M&A) opportunities to bolster its operations. 

“Ripple has continued to grow exponentially and is actively looking for M&A opportunities to strategically scale the company,” the company’s spokesperson told Reuters. 

Goldman Sachs Leads the Way

While Ripple is yet to decide on purchasing Celsius’ assets outright, popular U.S. investment company Goldman Sachs is already taking key steps to becoming the most suitable buyer of the assets. 

As reported by TheCryptoBasic, Goldman Sachs plans to raise $2 billion from investors to purchase Celsius’ assets at discounted prices.