XRP DRs Launch – Accredited investors can now gain regulated XRP exposure via Depository Receipts, simplifying institutional crypto access.

Secure & Regulated – XRP DRs are held by Anchorage, a federally regulated bank, ensuring safe custody and compliance for institutional investors.

Accredited investors will soon be able to purchase XRP depository receipts (DRs), offering them a regulated way to gain exposure to the cryptocurrency without purchasing it directly from exchanges, Fox Business has learned. This new financial product will be available through Receipts Depositary and DWP Advisors.

The concept of XRP DRs is similar to traditional American Depository Receipts (ADRs), which represent shares of foreign companies listed on U.S. exchanges. The XRP DRs will represent ownership of the underlying XRP, providing investors an easy way to gain exposure to the asset without the complexities of directly trading it on crypto exchanges.

These DRs offer similar benefits to exchange-traded funds (ETFs), making it easier for institutional investors to access crypto assets. This launch is considered a major step in bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi), as it makes digital assets more accessible to a broader audience.

The XRP DRs will be held by Anchorage, a federally chartered bank and a crypto bank regulated by the U.S. Office of the Comptroller of the Currency (OCC). Anchorage is a trusted institution specializing in secure custody for crypto assets, ensuring that the XRP behind the DRs is safely managed within a regulated framework. This adds a layer of security and confidence for institutional investors looking to enter the crypto space.

Receipts Depositary Corporation (RDC), the company behind the XRP-backed securities, has been expanding its product offerings. This expansion offers institutional investors more ways to engage with cryptocurrency in a regulated market environment.

Unlike ETFs, where shares are redeemed for cash, XRP DRs provide accredited investors with direct ownership of XRP. This gives investors the opportunity to hold the asset directly while benefiting from a structured and regulated investment vehicle. This difference could appeal to institutions that seek direct ownership of digital assets but require compliance with traditional financial market regulations.