Receipts Depo Launches Innovative XRP DR Product for Market Access – BitRss

Digital security firm Receipts Depo (RDC) is set to launch its XRP ($2.42) Depository Receipts (DR) product in the U.S. market. Designed for qualified investors, this product is developed with the support of DWP Advisors and is expected to operate under the supervision of the U.S. Office of the Comptroller of the Currency.

Key Features of XRP DR

The product is structured similarly to the American Depository Receipt (ADR) system used in America. Investors will have the opportunity to acquire XRP through exchanges. Additionally, the product aims to offer advantages such as access to international markets, investment diversification, and management of currency risk.

Eleanor Terrett: “The new product will be closely monitored by regulatory bodies.”

ETF and Regulatory Developments

The launch of XRP DR has reignited discussions around various investment models and XRP ETF applications within the Ripple $2 ecosystem. Many asset managers are pursuing regulatory processes for XRP ETF products, with expectations for approvals of similar models in North America continuing.