Accredited investors will soon be able to obtain exposure to XRP by buying deposit receipts linked to cryptocurrency.
Eleanor Terrett, popular journalist for Fox Business, said it yesterday via an X post.
XRP deposit receipts soon to be launched
According to Terrett, Fox Business learned That accredited investors will soon be able to buy XRP deposit receipts (DR) through two investment companies, Digital Wealth Partners (DWP) and receipt (DRC).
Thanks to the next financial instrument, accredited investors may be exposed to the XRP price movement without acquiring the asset directly from an crypto exchange. Terrett notably mentioned that DR XRP are similar to a Stock Exchange (ETF) and US deposit (ADR).
For the context, the ADRs are deposit receipts representing the actions of listed companies and negotiated in the United States. With an ADR, an investor does not have to buy the share directly from a scholarship. Despite this, the investor can always be exposed to the price of the assets by holding his ADR.
Interestingly, Terrett revealed that the next XRP DR is another way of filling the gap between traditional finance and decentralized finance (DEFI).
Anchorage at the custody of XRP deposit receipts
According to Terrett, Digital Anchorage, Crypto Platform Digital leader, will provide custody to Dr XRP, potentially exposing assets to regulatory monitoring. It should be mentioned that Anchorage is a federal approved bank operating under the supervision of the US office controller (OCS).
The receipts of the deposit corps and the digital wealth partners have not yet published declarations confirming the report.
XRP sees a slight gain
However, the price of XRP reacted positively to the news. Coinmarketcap data show that XRP increased from $ 2.42 to $ 2.50 shortly after the report, marking a slight increase of 3.3%.
However, XRP could not support this rally, because it then plunged below the price mark of $ 2.4 a few hours later. At the time of writing the editorial staff, XRP changes hands at $ 2.37, marking a 24 -hour increase of 2.73%. Conversely, XRP is still down 22.37% in the last seven days, according to CoinmarketCap data.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.
