Sapien Ripple SPV Fund Series II

Who We Are

Sapien Ripple SPV Fund Series II is a wholesale managed investment scheme designed to provide qualified investors with access to Ripple Labs, Inc. equity via private equity secondary platforms.

Key Features

The following table outlines key features of the Sapien Ripple SPV Fund Series II.

About the Fund, Investment Manager, and Opportunity

About the Fund

The Fund offers an opportunity to acquire Common and/or Preferred Stock in Ripple Labs Inc. through a Special Purpose Vehicle (SPV) via private equity secondary platforms

About the Investment Manager

Sapien Asset Management Pty Ltd, a wholly-owned subsidiary of Sapien Group Ltd, is a leading APAC fintech-focused investment firm with offices in Sydney, Silicon Valley, Melbourne, Singapore, Jakarta, Hangzhou, and Hanoi. Specializing in fintech, blockchain, and online marketplaces, Sapien leverages a team of experienced entrepreneurs and investors to maximize returns.

About the Investment Opportunity

• Investee Background: Ripple Labs is a leader in blockchain-based payment technology, offering efficient cross-border payment solutions via RippleNet and the XRP digital asset.
• Market Positioning: Ripple partners with major financial institutions and holds significant XRP reserves, with XRP ranked as the 4th most valuable cryptocurrency at a US$142B valuation (March 2025).
• Reduced Execution Risk: Sapien streamlines acquisition of Ripple stock with minimal execution risks from Right-of-First-Refusal or other restrictions.
• Further Liquidity Possibility: Sapien has relationship with number of private equity secondary trading platforms such that investors can have opportunity to liquidate these holdings ahead of any other IPO or Ripple’s IPO itself.

About the Fund’s Managing Partner

Victor Jiang, Founder and Managing Director: With over 20 years of experience across technology, consulting, and investment management, Victor has advised 35 Global Fortune 50 companies and sits on the boards of 12 tech firms. His notable investments include Ripple, Linqto, Airtasker, and HFG. Victor is the chair and convener of the Investment Committee.

Learn More About Our Team

Risks of Investing in the Fund

All investments carry risks that may affect the value of your investment. Therefore, consider all the risks and consult professional advisors before investing.