DAG Wealth Offers XRP Depositary Receipts, a First-of-Its-Kind Solution

New DTC-Eligible XRP Depositary Receipts Provide Institutional-Grade Access to XRP Within Traditional Market Infrastructure

DAG Wealth (DAG Wealth) with Receipts Depositary Corporation (RDC), is introducing XRP Depositary Receipts (XRP DRs), offering qualified investors access to XRP through a regulated and familiar financial instrument. These DTC-eligible depositary receipts represent ownership interests in XRP, utilizing established market infrastructure for smooth integration into traditional brokerage and banking systems.

Depositary receipts (DRs) are a widely used financial vehicle designed to represent assets not typically available in U.S. securities markets. The XRP DR program uses this structure to provide electronic settlement through The Depository Trust Company (DTC), ensuring compatibility with institutional trading and custody frameworks. Each XRP DR maintains a one-to-one relationship with the underlying XRP, held at regulated custodians or banks, and features in-kind convertibility, allowing for the creation and redemption of DRs for XRP where permitted under applicable regulations.

By utilizing the same infrastructure that supports traditional securities transactions, the XRP DR program bridges the gap between digital assets and established capital markets, making it easier for institutional investors to participate in the XRP ecosystem. Unlike XRP ETFs and Trusts currently awaiting SEC approval, XRP DRs offer an immediate, regulated pathway for sophisticated investors seeking exposure to XRP within existing brokerage and banking platforms.

Key Features of XRP Depositary Receipts (XRP DRs):

• DTC-Eligible: Enables electronic settlement and smooth integration into institutional platforms.

• Institutional Market Compatibility: Designed to fit into banks’ and brokers’ existing account systems.

• One-to-One XRP Backing: Each XRP DR is fully backed by an equivalent amount of XRP at regulated custodians.

• In-Kind Convertibility: Allows qualified investors to create and redeem DRs for XRP when regulatory conditions permit.

• Regulated Market Access: Provides a structured and compliant alternative to pending XRP ETFs and Trusts.

This launch marks the first approved XRP depositary receipt, setting a new standard for digital asset accessibility within regulated financial markets.

Frequently Asked Questions

What are XRP Depositary Receipts?

XRP Depositary Receipts are DTC-eligible financial instruments introduced by DAG Wealth and Receipts Depositary Corporation. They represent ownership interests in XRP and utilize established market infrastructure, allowing qualified institutional investors to access XRP through existing brokerage and banking systems using familiar securities mechanisms.

How are XRP Depositary Receipts backed?

Each XRP Depositary Receipt maintains a one-to-one relationship with the underlying XRP, fully backed by an equivalent amount of XRP held at regulated custodians or banks. Additionally, the structure features in-kind convertibility, which allows qualified investors to create and redeem depositary receipts for XRP when permitted under applicable regulations.

How are XRP Depositary Receipts settled and traded?

XRP Depositary Receipts provide electronic settlement through The Depository Trust Company (DTC). By utilizing the infrastructure that supports traditional securities transactions, the program fits directly into existing account systems at banks and brokerages, ensuring full compatibility with institutional trading and custody frameworks.

How do XRP Depositary Receipts differ from XRP ETFs?

Unlike XRP ETFs and Trusts that are currently awaiting SEC approval, XRP Depositary Receipts offer an immediate, regulated pathway. They provide a structured alternative that enables sophisticated investors to obtain exposure to XRP within existing brokerage and banking platforms.