Amid increasing institutional interest in XRP, Receipts Depository Corp. is exploring the launch of new investment products.
XRP as a New Investment Avenue
A recent report suggests that Receipts Depository Corp. is planning to launch XRP-backed securities as depositary receipts, similar to American Depositary Receipts.
Target Audience for XRP Securities
RDC aims to offer its XRP securities exclusively to qualified institutional buyers, allowing the company to navigate certain regulatory barriers under the Securities Act of 1933, which typically requires SEC registration for public offerings.
XRP Depositary Receipts vs. XRP ETFs
Meanwhile, the crypto community speculates on the possibility of XRP ETFs. The key difference is that XRP depositary receipts provide direct ownership of XRP, whereas ETF shares are redeemed for cash.
The growing institutional interest in XRP underscores the importance of developing new investment products, potentially changing the dynamics of cryptocurrency investment.
