Qualified investors will soon have the opportunity to purchase XRP receipts, offering a regulated pathway to invest in the cryptocurrency. These receipts will be available via the Receipts Depositary Corporation (RDC) and Digital Wealth Partners (DWP), facilitating exposure to XRP without the need to directly purchase the digital asset on an exchange.
XRP Depository Receipts (DRs) represent ownership of actual XRP, which is securely held by a regulated custodian. This allows investors to gain exposure to XRP within a regulated framework, a step away from the traditional cryptocurrency purchase process. Eleanor Terrett confirmed the development in a recent tweet: “XRP depository receipts will soon be available for accredited investors through @ReceiptsDepo and @DWP_advisors.”
The receipts will be stored with Anchorage, a federally chartered bank that operates under the oversight of the U.S. Office of the Comptroller of the Currency (OCC), ensuring a high level of regulatory compliance.
This move mirrors the concept of American Depositary Receipts (ADRs), which are commonly used by foreign companies to trade shares on U.S. exchanges without needing to be listed directly. By introducing XRP DRs, RDC—a startup founded by former Citigroup executives—is paving the way for institutional investors to engage with XRP-backed securities within the U.S. market’s regulated infrastructure.
Unlike other crypto-based investment vehicles such as XRP ETFs and Trusts, which are still awaiting approval from the U.S. Securities and Exchange Commission (SEC), XRP DRs are already established within a regulatory framework, making them accessible to qualified investors immediately.
The XRP DR program is eligible for the Depository Trust Company (DTC), meaning the receipts will be integrated into institutional trading platforms that feature electronic settlement. This integration will enable brokers and banks to handle XRP investments as if they were conventional securities. Additionally, the program offers in-kind convertibility, allowing investors to exchange DRs for actual XRP in regions where regulations permit.
Depository receipts have long served as a tool to grant U.S. investors access to foreign assets, and now they are being adapted to accommodate cryptocurrencies. This development could significantly expand XRP’s accessibility among institutional investors and further legitimize its standing within regulated financial markets.
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