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Receipts Depositary, a startup founded by former Citigroup executives, will launch XRP-backed securities
Receipts Depositary Corp. (RDC), a start-up founded by a group of former Citigroup executives, is planning to launch XRP-backed securities, which will give institutions access to XRP securities through a regulated U.S. market infrastructure, according to people familiar with the matter. The company will offer depositary receipts, similar to American Depositary Receipts (ADRs), representing foreign shares in U.S. bourse. The product will only be offered to qualified institutional buyers through t...
2025-02-07 21:58:52
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