New Investment Option Lets Investors Gain XRP Exposure Without Buying Crypto
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Accredited investors may soon have a new way to gain exposure to XRP without directly purchasing the cryptocurrency.
Fox Business correspondent Eleanor Terrett has reported that XRP Depository Receipts (XRP DRs) are now available through RDC and Digital Wealth Partners, offering an alternative investment structure similar to American Depository Receipts (ADRs).
These receipts function much like exchange-traded funds (ETFs), allowing investors to access XRP through traditional finance channels without trading on crypto exchanges.
The assets will be held by Anchorage Digital, a federally regulated bank under the supervision of the Office of the Comptroller of the Currency (OCC).
Terrett described XRP DRs as a bridge between traditional finance (TradFi) and decentralized finance (DeFi), potentially paving the way for greater institutional adoption of XRP.
While some firms have applied for an XRP spot ETF, it remains uncertain whether the SEC will approve such products under future regulatory frameworks.
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