Receipts Depositary Corp. (RDC) has launched the XRP Depositary Receipt (XRP DR).
XRP DRs are securities issued by RDC that represent direct ownership of the underlying XRP, which are held securely at Anchorage Digital National Association, a federally chartered digital asset bank regulated by the Office of the Comptroller of Currency.
“XRP DRs represent another step forward in bringing digital assets into the traditional financial ecosystem,” said Ankit Mehta, co-founder and CEO of RDC. “Qualifying investors now have the ability to own XRP using the same processes they trust for traditional securities. We are seeing more demand for digital asset DRs and are scaling our business accordingly.”
“We look forward to utilizing XRP DRs as an effective capital markets tool that bridges digital asset and traditional securities infrastructure,” said Matthew Snider, CIO of Digital Wealth Partners (DWP), a pioneering Registered Investment Advisor (RIA) that spe
