Receipts Depositary Corporation Enhances Financial Options with XRP Depositary Receipt Launch

Receipts Depositary Corporation Launches XRP Depositary Receipt

On February 10, 2025, Receipts Depositary Corporation (RDC) unveiled its latest offering, the XRP Depositary Receipt (XRP DR). This groundbreaking initiative enables qualified investors to gain direct ownership of XRP assets through the issuance of securities by RDC. These assets are securely held at Anchorage Digital National Association, a federally chartered digital asset bank regulated by the Office of the Comptroller of Currency.

The XRP DR represents a significant leap in integrating digital assets into the conventional financial landscape. Ankit Mehta, Co-Founder and CEO of RDC, expressed confidence in this new product, stating, "XRP DRs represent another step forward in bringing digital assets into the traditional financial ecosystem. 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."

Matthew Snider, Chief Investment Officer of Digital Wealth Partners (DWP), highlighted the potential of XRP DRs as tools that effectively bridge the infrastructure of digital and traditional financial markets. DWP, a pioneering Registered Investment Advisor (RIA) specializing in digital and alternative investments, recognizes the increasing demand for products that fuse innovative technology with conventional finance.

This launch is part of RDC's broader strategy to expand its offerings in theDepository Trust & Clearing Corporation (DTCC) eligible securities market. By providing insights and services related to digital and alternative assets, RDC aims to meet the evolving needs of investors while ensuring operational ease, asset protection, and transparency.

RDC's leadership boasts extensive experience in the field of depositary receipts and institutional market structure, having worked for decades with issuers and investors to innovate DR-based financial products at a top global bank. As interest in digital assets grows, RDC is committed to narrowing the gap between blockchain assets and traditional finance. Their goal is to deliver solutions that foster market maturity and drive the overall adoption of digital financial products.

For more information on RDC's groundbreaking depositary receipt services, you can visit their official website at www.receiptsdepo.com.

About Receipts Depositary Corporation (RDC)

Founded by three experts in the DR business, RDC is pioneering the process of allowing qualifying investors to acquire digital and alternative assets in a manner similar to traditional securities. They leverage a DR structure that has been reliable for investors for almost 100 years and offer secure asset management, transparency, and risk minimization.

RDC is backed by esteemed entities such as Franklin Templeton, F-Prime, BTIG, and Broadhaven Ventures. It’s essential to note that RDC is not a bank and is not registered as a broker, dealer, or investment adviser in any jurisdiction. Therefore, for personalized advice, it's recommended that investors consult with their legal and financial advisors regarding investments in XRP DRs and other RDC products.

It's crucial for prospective investors to understand the speculative nature of XRP DRs, which carry substantial risks, including the possibility of partial or total loss of invested amounts. Thus, careful consideration of risks and thorough review of the terms and conditions surrounding XRP DRs or any RDC offerings are vital before making investment decisions.