Investors May Soon Access XRP Through Regulated Receipts

Sone qualified investors will soon have the opportunity to purchase XRP receipts through the Receipts Depositary Corporation (RDC) and Digital Wealth Partners (DWP).

These depository receipts provide a way for investors to gain regulated exposure to XRP without buying the cryptocurrency directly from an exchange. Instead, they can purchase XRP DRs, which represent ownership of real XRP held at a regulated custodian. 

Eleanor Terrett also confirmed this on X: “$XRP depository receipts will soon be available for purchase by accredited investors through @ReceiptsDepo and @DWP_advisors” She tweeted.

FOX said XRP Depository Receipts will soon be available | Source: X

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).

Each XRP DR works similarly to the American Depositary Receipts (ADRs), where a foreign company can sell shares of their business with no need to trade on foreign stock exchanges. 

Receipt Depositary Corp, (RDC), a start-up founded by former Citigroup executives,  is leading this effort to introduce XRP-backed securities to institutional investors via the U.S-regulated market infrastructure.

Unlike XRP ETFs and Trusts, which are still pending SEC approval, XRP DRs have already been established within a regulated framework. This makes them readily available to all qualified investors.

The XRP DR program is DTC-eligible, meaning it is mainly integrated into institutional trading platforms with electronic settlement. This allows banks and brokers to handle XRP investments just like any other security. 

It also enables in-kind convertibility, so investors can create and redeem DRs for real XRP where regulations allow. By using existing market infrastructure, XRP DRs make crypto investments as simple as trading stocks.

Moreover, depository receipts have long been used to help investors access assets that aren’t typically available in U.S. markets. Now, the same system is being applied to cryptocurrencies, making XRP more accessible to institutional investors.