Ripple To Score Legal Victory As Tetragon Loses Its Case Against Fintech Giant

Ripple has scored a legal victory as the Delaware Chancery Court has turned down the request of Tetragon to redeem its investment from Ripple Labs, as reported by Bloomberg.

As reported by U.Today earlier, Tetragon Financial Group had led the Series-C funding round for Ripple and helped the blockchain giant raise $200 million at the end of 2019.

This pushed Ripple to the evaluation of over $10 billion and making it a decacorn.

Tetragon is headquartered in the UK, managing a $2.32-billion capital and it is the largest shareholder of Ripple.

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