Investors will soon have a new way to gain exposure to XRP through regulated receipts, thanks to an initiative led by Receipts Depositary Corporation (RDC) and Digital Wealth Partners (DWP). These XRP Depository Receipts (DRs) will allow accredited investors to purchase regulated securities that represent actual XRP held by a certified custodian, without the need to buy the cryptocurrency directly from an exchange.
Eleanor Terrett confirmed the news via X, stating that XRP DRs would be available for purchase through RDC and DWP.
The receipts will be managed by Anchorage, a federally chartered bank regulated by the U.S. Office of the Comptroller of the Currency (OCC). This custodial arrangement ensures that the underlying XRP is securely held, offering a regulated alternative to direct cryptocurrency purchases.
The concept of XRP DRs is similar to the well-known American Depositary Receipts (ADRs), which allow foreign companies to list shares in the U.S. without trading on foreign stock exchanges. RDC, a startup founded by former Citigroup executives, is at the forefront of introducing XRP-backed securities to institutional investors via the U.S.-regulated market.
Unlike XRP exchange-traded funds (ETFs) and trusts, which are still awaiting approval from the Securities and Exchange Commission (SEC), XRP DRs are already structured within a regulated framework, making them accessible to qualified investors without the regulatory uncertainty.
This development could provide a significant step forward in making XRP more widely available to traditional investors through established financial systems.
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