We got a situation brewing, and it’s got Ripple’s name tossed into the ring. Linqto, that investment platform that promised everyday investors a slice of private companies like Ripple, is now staring down the barrel of bankruptcy.

The Wall Street Journal dropped the bomb on earlier in the week, Linqto’s not just struggling financially, they’re also under the microscope of the SEC and the Justice Department for some questionable sales tactics. Yeah, it’s messy.

Funds are safe

Now, here’s where Ripple CEO Brad Garlinghouse steps up, like a capo cleaning up rumors in the family.

The XRP community? They’re sweating bullets, worried their Ripple shares bought through Linqto might vanish into thin air. Garlinghouse took to social media, laying it out straight and says no worries.

“Linqto owns 4.7 million Ripple shares, but they bought them secondhand, from existing Ripple shareholders. Ripple never sold shares directly to Linqto.”

Okay, it seems my post has raised a few more questions – first off, XRP and shares of Ripple are very different things. This post is ONLY about shares in Ripple. Linqto is a very separate company that bought shares in Ripple from some of our existing shareholders. It should be…

— Brad Garlinghouse (@bgarlinghouse) July 2, 2025

Trading Ripple shares

He made it crystal that Ripple and Linqto never had a business handshake. In fact, Ripple cut off approving any secondary market buys through Linqto back in late 2024, right when the red flags started waving. So, if you thought Ripple was cozying up with Linqto, think again.

Garlinghouse made sure everyone knows the difference between Ripple’s shares and XRP tokens, the actual cryptocurrency.

This whole drama? It’s about the shares Linqto holds, not the XRP coins you might be trading.

“I don’t know how Linqto handled their clients or sold ‘representative units’ of Ripple shares. But the 4.7 million shares they own? Their value has actually gone up over time.”

Don’t panic

Still, Linqto’s future looks shaky. Bankruptcy whispers are loud, and federal investigations aren’t exactly a walk in the park.

The Wall Street Journal even hinted at a possible restructuring for the company. On the other hand, Ripple’s making it clear, their ship is steady, their shares are safe, and Linqto’s troubles aren’t pulling them under.

So, if you’re holding Ripple shares, don’t panic. Ripple’s business is separate from Linqto’s mess.

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