NEW YORK, Feb. 10, 2025 -- Receipts Depositary Corporation (RDC) today announced the launch of 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 specializes in digital assets and alternative investments.
XRP DRs are RDC's latest expansion to provide Depository Trust & Clearing Corporation ("DTCC") eligible securities that offer ownership of digital and alternative assets. RDC's leadership team brings extensive experience in depositary receipts and institutional market structure, having spent decades working with issuers and investors to evolve DR-based financial products at a leading global bank.
As demand for digital assets continues to grow, RDC remains committed to bridging the gap between blockchain-based assets and conventional finance, delivering innovative solutions that drive adoption and market maturity.
For more information on RDC's depositary receipt services, visit www.receiptsdepo.com
About RDC
RDC (Receipts Depositary Corporation) is the first depositary that aims to make it as easy for qualifying investors to own digital and alternative assets as traditional securities. Using the DR construct that has been trusted by investors for nearly a century, the RDC platform provides asset protection, transparency, risk minimization and operational ease. Founded by three dynamic experts in the DR business, RDC is backed by leading institutions including Franklin Templeton, F-Prime, BTIG and Broadhaven Ventures. RDC is not a bank and is not registered as a broker, dealer or investment adviser in any jurisdiction. For more information, visit www.receiptsdepo.com
Disclosures
XRP DRs have not been registered under the Securities Act of 1933 or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
The information in this press release is not legal, financial or tax advice and you are encouraged to consult your own legal, financial and tax advisors in all applicable jurisdictions.
Investments in XRP DRs or other RDC products are speculative, and involve a high degree of risk, including the risk of partial or total loss of any amounts invested therein. Before making any investment decision, a prospective investor should consider all applicable risks, and carefully review and consider the risk factors included in the terms and conditions for the XRP DRs or other applicable RDC products.
CONTACT INFORMATION
Jennifer Berlin
Forefront Communications
+44 (0) 7375 288 641
jberlin@forefrontcomms.com
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