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Aave sGHO Simplifies Savings & XRP Falls After a SurgeHTX Ventures: DeepSeek Triggers AI’s “iPhone Moment”, Accelerating AI Agents into Real Crypto UseVeChain (VET) Now Directly Tradable in Euros on WhiteBIT ExchangeCZ denies WSJ report of Trump family deal for Binance.US, calls it an attack on cryptoSenate committee advances GENIUS Act in bipartisan voteXRP Price: From Moonshots to Lawsuits, the Debate Rages On‘Everything is Computer’ meme spawns new memecoinSEC Abandons Coinbase Suit: Relief Rally for Cardano (ADA)—Price AnalysisCircle to expand tokenized money market operations in BermudaXRPL Adoption Surge From RWAs to Make XRP the Dominant Crypto Asset—AnalystCompound launches Morpho-powered vaults on PolygonEcho.xyz and Coinbase Ventures to drive funding for Base projectsXRP eyes further gains for March 14, with key support holding and bullish signals emergingBTC eyes 140% gains, ETH 300%, and XYZVerse could skyrocket 5000% as the market recoversSUI’s Future Uncertain & LINK’s Trading Volume Grows to 120M Coins—BlockDAG Bug Bounty Program to Add Extra Security! XION achieves MiCA milestone as first regulated layer 1 blockchain$340M ETH Liquidation Spells Trouble for Hyperliquid, HYPE TokenFranklin Templeton joins XRP ETF race as Ripple’s lawsuit reportedly nears resolutionMoonPay acquires Iron in effort to boost stablecoin paymentsOKX Wins Major European MiFID II License: To Start Regulated Crypto Derivatives Trading“Fat Protocol Thesis” Is Dead, Says DeFiance CEO: Time for Apps1inch and Linea join forces to improve swap rates and liquidity in DeFiTrump family in talks for Binance stake amid push for CZ pardon: WSJEthereum (ETH) and Solana Are Slowing Down—FXGuys Could Be the Next Crypto SuperstarExperts Pick These 3 Best Cryptos For Beginners—BTFD Coin’s 3,650% ROI, Plus Big Potential with Dogecoin and Shiba InuTop Rated Crypto: Qubetics’ Presale Breaks Records as Algorand Faces a Price Freeze and Filecoin Holders Brace for VolatilityWallet in Telegram brings multi-asset trading and yield supportTurkey brings stricter regulations for crypto exchanges, wallet providersTrader loses over $26,000 in minutes on TRUMP memecoin after falling for fake bullish signalRED price surges 18% after a slew of developments in a single day, boosting trading volume by over 200%EXCLUSIVE: Copper and Figment partner to expand institutional stakingNebraska fights for state control of stablecoin rules as Bitcoin ATM fraud sparks national concernMichael Saylor: Bitcoin Reserve Could Generate $10T Annually for the US EconomyTelegram’s crypto wallet brings multi-asset trading and yield supportArctic Pablo Presale Ignites – Can It 100x? 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Qubetics ($TICS) Is the Top Crypto Assets Poised for Huge Gains!Top Meme Coins to Join Now: Arctic Pablo’s $0.000074 Presale Won’t Last Long – DOG and Degen Holders Eye Next Big MovesFLock Web3 Agent Model accuracy surpasses GPT-4o and GeminiDollar-strapped Bolivia turns to crypto to pay for fuel, shifts global trade normsBitcoin fails to rally despite lower-than-expected US CPI as trade war concerns weigh in35.7% of validators support the SIMD-228 proposal to cut SOL inflation by 80%4 Top New Meme Coins to Buy and Hold for Long Term: From BTFD Coin’s 90% APY Staking Rewards to Popular Picks Like Baby Doge and DogsTop New Meme Coins for Exponential Returns: Arctic Pablo Coin’s Massive ROI – Turn $100 into $10k, As Shiba Inu & Book of Meme Gain Attention
Fri. Mar 14th, 2025 12:55:57 AM

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.

Crypto

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