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Ripple CEO Brad Garlinghouse is anticipated to be appointed to an advisory seat on the White House Crypto Council, reflecting Ripple's growing influence in U.S. cryptocurrency policy. Concurrently, Receipts Depositary Corp., a start-up founded by former Citigroup executives, is preparing to launch $XRP depository receipts for accredited investors. These receipts will provide traditional finance access to XRP through a federally regulated custodian, allowing qualified institutional buyers to directly own XRP. This initiative is seen as a pivotal move in integrating XRP into mainstream financial markets.
🚨XRP meets Wall Street! Former Citigroup execs are rolling out XRP-backed securities, offering direct XRP ownership to institutions.
Receipts Depositary Corp., a start-up founded by a group of former Citigroup executives, is planning to launch $XRP-backed securities, according to people familiar with the matter, available to qualified institutional buyers only. @HeleneBraunn reports https://t.co/2bEocRM3pH
🚨 JUST IN: $XRP Depository Receipts set to launch for accredited investors, offering TradFi access to XRP via a federally regulated custodian, according to Fox https://t.co/n3SEd6bSFY
