Receipts Depository Corporation announced the launch of XRP Depository Receipts (DRs) in the US, offering a new investment opportunity for accredited investors.
Features and Availability of XRP DRs
XRP DRs work similarly to American Depository Receipts, allowing investors to own foreign company shares. Investors purchase DRs for actual XRP ownership, which is held by regulated custodian Anchorage Digital, ensuring security and compliance.
Bridge Between TradFi and DeFi
The goal of XRP DRs is to link traditional financial markets (TradFi) with Decentralized Finance (DeFi). These DRs simplify access to XRP in a more structured and regulated manner without direct crypto trading involvement.
Institutional Interest
Led by former Citigroup executives, RDC is expanding its offerings for regulated access to digital assets. XRP DRs are already compliant, unlike ETFs awaiting SEC approval, making them available to institutional investors and eligible for electronic settlement through DTC.
The launch of XRP DRs sparks discussions within the Ripple ecosystem as a strategic move to broaden market exposure, offering institutional investors a chance to diversify portfolios and mitigate risks.
