Some qualified investors will soon have the opportunity to purchase XRP depository receipts through Receipts Depositary Corporation (RDC) and Digital Wealth Partners (DWP). These receipts provide a way to gain regulated exposure to XRP without directly buying the cryptocurrency.
New Opportunity for Investors
XRP depository receipts will allow investors to obtain certified ownership of XRP held at a regulated custodian. Eleanor Terrett confirmed on X: "$XRP depository receipts will soon be available for qualified investors through @ReceiptsDepo and @DWP_advisors."
How XRP Depositary Receipts Work
The XRP receipts will be held by Anchorage, a federally chartered bank regulated by the U.S. Office of the Comptroller of the Currency. These receipts work similarly to American Depositary Receipts, enabling foreign companies to sell their shares without the need to trade on foreign exchanges.
RDC's Role and Program's Significance
Receipts Depositary Corp, founded by former Citigroup executives, is leading the effort to introduce XRP-backed securities to institutional investors via U.S-regulated market infrastructure. The XRP DR program is already part of a regulated framework, offering investors the ability to use existing market infrastructure to invest in crypto similarly to trading stocks.
Thus, the new mechanism will allow institutional investors to invest in XRP more effectively and safely, expanding access to cryptocurrencies through traditional investment tools.
