Qualified investors will soon have the opportunity to gain exposure to XRP without directly purchasing the cryptocurrency. Instead, they can buy XRP depository receipts (DRs) through Receipts Depositary Corporation (RDC) and Digital Wealth Partners (DWP). This innovative investment vehicle offers a regulated alternative to owning XRP, making it easier for institutional investors to enter the cryptocurrency market.
What Are XRP Depository Receipts (DRs)?
XRP depository receipts (DRs) allow investors to indirectly invest in XRP while avoiding the complexities of directly purchasing cryptocurrency from an exchange. These DRs represent ownership of actual XRP, which is securely held by a regulated custodian. The depository receipts are available for purchase by accredited investors, providing a convenient way to access XRP through regulated, familiar securities.
Eleanor Terrett’s Confirmation on X: XRP DRs Are Coming Soon
Eleanor Terrett, a prominent industry voice, confirmed the development on X (formerly Twitter), stating: “$XRP depository receipts will soon be available for purchase by accredited investors through @ReceiptsDepo and @DWP_advisors.” Her tweet has sparked interest among institutional investors looking for a regulated path to invest in XRP.
🚨SCOOP: $XRP depository receipts will soon be available for purchase by accredited investors through @ReceiptsDepo and @DWP_advisors, @FoxBusiness has learned.
— Eleanor Terrett (@EleanorTerrett) February 7, 2025
Much like traditional ADRs (American Depository Receipts) that represent shares of foreign companies, the XRP DR…
The depository receipts will be held by Anchorage, a federally chartered bank regulated by the U.S. Office of the Comptroller of the Currency (OCC). This ensures that XRP DRs are securely managed within a U.S. regulated financial system, offering investors a higher level of trust and protection.
XRP DRs operate similarly to American Depositary Receipts (ADRs), which allow foreign companies to sell shares in U.S. markets without the need to list on foreign stock exchanges. This innovative system opens the door for investors to gain exposure to global assets, and now it is being applied to the world of cryptocurrency with XRP DRs.
The Role of RDC in Bringing XRP to Institutional Investors
Receipt Depositary Corporation (RDC), a start-up founded by former Citigroup executives, is at the forefront of this effort to introduce XRP-backed securities to institutional investors. RDC aims to bring XRP exposure to the U.S. market using regulated infrastructure, offering a seamless way for investors to access this digital asset.
Why XRP DRs Are More Accessible Than XRP ETFs or Trusts
Unlike XRP exchange-traded funds (ETFs) or trusts, which are still waiting for approval from the U.S. Securities and Exchange Commission (SEC), XRP DRs are already established within a regulated framework. This regulatory clarity makes them readily available to qualified investors, offering a much faster route to market compared to pending XRP ETFs.
XRP DRs are eligible for the Depository Trust & Clearing Corporation (DTC), meaning they are integrated into institutional trading platforms with electronic settlement. This infrastructure allows banks and brokers to handle XRP investments in the same way they handle traditional securities, simplifying the process for institutional clients.
In-Kind Convertibility: A Key Feature of XRP DRs
One of the standout features of XRP DRs is in-kind convertibility. This means that investors can create or redeem DRs for actual XRP, where regulations permit. This feature provides a level of flexibility for investors, ensuring they can access the underlying asset if needed.
By utilizing existing market infrastructure, XRP DRs aim to make cryptocurrency investments as straightforward as trading traditional stocks. This makes it easier for institutional investors to incorporate digital assets like XRP into their portfolios without navigating the complexities of crypto exchanges or wallets.
A New Path for Institutional Investors to Access XRP
XRP depository receipts are transforming the way institutional investors can access digital assets. With a regulated, easy-to-use framework, XRP DRs allow qualified investors to gain exposure to the cryptocurrency market through established financial infrastructure. As the adoption of cryptocurrencies in traditional finance continues to grow, XRP DRs provide a promising opportunity for institutional investors seeking a regulated path into the world of digital assets.
