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CoinDesk - by layer3.news
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2025-02-07 19:31:25
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Startup Founded by Citi Alumni to Launch XRP-Backed Securities


CoinDesk (nprofile…nhef)
✍️ Receipts Depositary Corp. (RDC) plans to launch XRP-backed securities, allowing institutions to access XRP through US-regulated market infrastructure.
👉 RDC plans to launch XRP-backed securities
👉 Securities will be cleared by the Depository Trust Company (DTC)
👉 Offered to qualified institutional buyers only
👉 Transactions exempt from registration under the Securities Act of 1933

#AnkitMehta #technology
CoinDesk (nprofile…nhef)

Receipts Depositary Corp. already offers bitcoin and ether-backed securities and is now looking to expand its product suite by adding XRP.
https://www.coindesk.com/markets/2025/02/07/startup-founded-by-citi-alumni-to-launch-xrp-backed-securities

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