In the furtherance of the liquidation of Linqto, an approximately $130 million Ripple private equity transfer was released by the court. It was reported that Ripple had waived its preferential purchase rights, that transactions had continued and that institutional funds were still seeking access to the Ripple private valuation system.

Transactions do not involve XRP

According to the report, this transfer of shares does not imply that Ripple will initiate the listing process, nor will it change the structure of interest for XRP holders. The transaction was directed at Ripple private equity and did not directly correspond to the ownership and value of XRP tokens.

The proceeds will be used for customer recovery

Linqto has provided customers with access to unlisted companies, including Ripple. As the company enters insolvency proceedings, the disposal of these assets is included in the customer recovery arrangements. The proceeds of the transfer will be used to support customer recovery, while the buyer will be dominated by institutional investors.

Linqto reorganization approved by the court

Linqto applied for protection under Chapter 11 of the United States Bankruptcy Code in July 2025. The new management had previously found that the company might have a securities law compliance problem since 2020, involving the special purpose vehicle structure used by the client to invest. The platform ceased operation in March 2025.

  • Cases involving investments by some 111 private companies
  • The related portfolio valuation exceeded $500 million
  • Approximately 95 per cent of voting clients supported the reorganization programme

Under the scheme approved by the Court on 6 February 2026, a client may recover assets through a liquidation fund holding an indirect interest in a private company, or choose to hold a private equity listed closed fund or to combine both.

Forge Dispute or Slow Distribution

However, the customer recovery process is currently facing new legal disputes. The Bloomberg Law reported that Linqto and its creditors had sued the private market platform Forge Global Holdings because the latter had temporarily attempted to withdraw from the trustee role before the customer recycling trust was launched.

The application stated that Forge had been responsible for holding the customer ' s assets, handling transfers and assisting in the implementation of the recovery programme. For its part, Linqto states that Forge ' s decision is related to the requirements of Charles Schwab, its new parent company. If disputes persist, asset transfers and customer recovery may be further slowed down.