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Bitcoin
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Ethereum
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$1,772.52 -2.21475
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BNB
BNB (BNB)
$598.82 0.04605
BNB price
Solana
Solana (SOL)
$143.76 -1.08935
Solana price
XRP
XRP (XRP)
$2.13 -0.73355
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000125 -1.52921
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Pepe
Pepe (PEPE)
$0.0000078 -1.14222
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Bonk
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$0.0000164 -2.95017
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dogwifhat
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Popcat
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Bitcoin
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Ethereum
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$1,772.52 -2.21475
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BNB
BNB (BNB)
$598.82 0.04605
BNB price
Solana
Solana (SOL)
$143.76 -1.08935
Solana price
XRP
XRP (XRP)
$2.13 -0.73355
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000125 -1.52921
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000078 -1.14222
Pepe price
Bonk
Bonk (BONK)
$0.0000164 -2.95017
Bonk price
dogwifhat
dogwifhat (WIF)
$0.538974 -0.3787
dogwifhat price
Popcat
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$0.395058 5.61103
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Bitcoin
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$94,637.00 0.25281
Bitcoin price
Ethereum
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$1,772.52 -2.21475
Ethereum price
BNB
BNB (BNB)
$598.82 0.04605
BNB price
Solana
Solana (SOL)
$143.76 -1.08935
Solana price
XRP
XRP (XRP)
$2.13 -0.73355
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000125 -1.52921
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000078 -1.14222
Pepe price
Bonk
Bonk (BONK)
$0.0000164 -2.95017
Bonk price
dogwifhat
dogwifhat (WIF)
$0.538974 -0.3787
dogwifhat price
Popcat
Popcat (POPCAT)
$0.395058 5.61103
Popcat price

Receipts Depositary Corp to expand product suite with XRP: report

News
Receipts Depositary Corp to expand product suite with XRP: report

Receipts Depositary Corp. (RDC), a startup founded by former Citigroup executives, plans to launch XRP-backed securities, according to CoinDesk.

The move will allow institutions to access XRP through U.S.-regulated market infrastructure.

RDC has not responded to crypto.news’ request for comment.

The news comes about a year after RDC announced the launch of the first-ever Bitcoin depositary receipt (BTC DR), bringing institutional-grade Bitcoin ownership into the regulated U.S. securities ecosystem.

Modeled after American Depositary Receipts (ADRs), BTC DRs allow qualified institutional buyers, or QIBs, to hold and trade Bitcoin using the same infrastructure they use for traditional securities.

The XRP securities will be cleared in much the same way via the Depository Trust Company (DTC).

RDC’s co-founders—Ankit Mehta, Bryant Kim, and Ishaan Narain—each previously worked at Citigroup. The startup is backed by asset manager Franklin Templeton, financial services firm BTIG and venture capital firm Broadhaven Ventures.

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