CandleFocus Startup Founded by Citi Alumni to Launch XRP-Backed Securities
2025-02-07
Author: Content Editor
Receipts Depositary Corp. (RDC), a start-up founded by former Citigroup executives, is planning to launch XRP-backed securities. These securities will give institutional buyers access to XRP through regulated market infrastructure in the U.S. The company will offer depositary receipts similar to American depositary receipts (ADRs) for foreign stocks. The product will be available to qualified institutional buyers through exempt transactions under the Securities Act of 1933, so it does not require approval from the SEC. The securities will be cleared by the Depository Trust Company (DTC), similar to RDC's existing offerings of bitcoin and ether-backed securities. This move comes as several companies aim to bring XRP to institutional investors, with some applying for ETFs tracking the cryptocurrency's price. The difference between an ETF and depositary receipts is that while ETF shares can be redeemed for cash, depositary receipts offer direct ownership of the cryptocurrency.
Related News
Solana (SOL) Price Drops 17% in a Week as It Struggles Below $200 Sky governance vote raises savings rate to 8.75% Florida bitcoin investment bill filed by state senator InkChain Witnesses Sharp Growth In On-chain Metrics Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? B3 Ethereum Gaming Chain Launching Token Airdrop on Base Next Week Will Dogecoin Price Drop To $0.12 Or Recover Past $10? Telegram Game 'TapSwap' Dumps TON for BNB Chain Ahead of Airdrop TD Sequential Signals Potential Rebound for $BONK Bitcoin Dominance Soars to 58% as Altcoins Struggle Amid Market Shifts DarkFi, the privacy project started by crypto anarchist Amir Taaki, launches anonymous app in alpha PNC Bank Expands Bitcoin ETF Holdings to $67M as Market Sees Outflows Dogecoin Whales Amass 100M DOGE as Analysts Predict Potential Surge Ethereum (ETH) Price Struggles Below $3,000 as Bearish Pressure Persists Missouri State Rep. Proposes Major Bitcoin Reserve Bill Whales Bet Big on These Two Memecoins – Is a Rally Incoming? Kraken’s Ink sees explosive growth as DeFi powerhouse Dave Portnoy Is Trading Solana Meme Coins and Just Doxxed His Wallet: 'I’m Not Trying to Be Shady' SFT Protocol Reshapes On-Chain Identity and Decentralized Ownership with ZNS CONNECT New agent launches on Virtuals plummet amid AI token drawdown Engage now, or forever hold your peace Uniswap Price Holds Firm as Whales Buy the Dip – Next Stop $10? SafeMoon CEO asks to push trial based on Trump SEC’s ‘policy changes’ Why the outlook for Treasury yields remains uncertain Donald Trump is at It Again: Tariffs on Multiple Countries Revealed – What Does It Mean for Bitcoin and Cryptocurrencies? Mantra Chain Welcomes Cosmostation VD As Active Validator For Enhanced Decentralization Bybit: Bitcoin held its ground, altcoins saw rough start to 205 Solana: A beginner-level explainer PEPE’s 50% Crash Brings A Death Cross And Hidden Opportunity Coinbase to face lawsuit over unregistered securities sales, judge rules USDC finally makes full recovery from FTX market crash 3 reasons why AAVE price may surge 200% this year Decision on BlackRock Ethereum ETF Options Delayed by SEC Why These Altcoins Are Trending Today — February 7 Bitcoin could reach new highs in Q1 despite sluggish jobs print: Grayscale Research Brian Norton on Making Ethereum Wallets Safer for All Is the Deep Decline in Ethereum (ETH) Coming to an End? Analytics Firm Shares Critical Price Levels to Overcome Poland’s Central Bank rules out Bitcoin for reserves IOTA price forms mini death cross despite key Rebased update VeChain News: VeDelegate Launches Powerful New Features for VET Stakers ‘Freedom is priceless’: Tornado Cash’s Alexey Pertsev released from prison Michael Saylor’s Strategy: Selling Bitcoin merch, but not for Bitcoin OpenAI Hack? AI Giant Investigating Claim of 20 Million Stolen User Credentials Decentralized AI Opportunity Is 'Bigger than Bitcoin,' Says DCG's Barry Silbert Shiba Inu Price: Deepseek Predicts What You Can Buy with 20M SHIB in 2030 Startup Founded by Citi Alumni to Launch XRP-Backed Securities Ethereum Sees Strong OTC Demand Amid Volatility Spike Despite Fund Collapse Rumors Democratized, Depoliticized and Decentralized AI, by the People, for the People RWA Tokenization Is Going to Trillions Much Faster Than You Think This Week in Meme Coins: DOGE, SPX, FARTCOIN Crash Nearly 58% Telegram games had trouble earning revenue, retaining users in Q4: report Bitcoin (BTC) mining difficulty may rise over the weekend, putting more pressure on overstretched miners Maryland Introduces ‘Strategic Bitcoin Reserve Act’ in Push for State Crypto Adoption Will Solana ETFs Join Bitcoin and Ethereum? Experts Say SEC Just Entered 'New Territory' Ex-CFTC chair leaves without replacement pick from Trump Pseudonymous crypto founder Loopify raises $500,000 in crypto to fund humanitarian work in Gaza 5 Arrested Trying to Purchase Biometric Data by Mimicking Sam Altman's World Activities in Argentina What Is the Pectra Upgrade? Inside Ethereum’s Future Roadmap ChatGPT says XRP price will hit this target by Q1 2025 Weekly Recap: Crypto Debanking in the Spotlight Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle House Republicans push forward on stablecoin regulation with new draft bill Sector rotation ‘tailwind’ for L2s: Kaiko Crypto Whales Bought These Altcoins in the First Week of February 2025 Tether CEO ‘not worried’ about concerns over USDT competition SUI Attains A New ATH Amid A Sustained Bullish Momentum XRP and Solana race toward the next crypto ETF approval TON Experiences 95% Drop In User Engagement Since All-Time High Bitcoin poised for breakout as bond market conditions favor digital assets, says Standard Chartered Michael Saylor Reacts to Bitcoin Topping $100,000 With ‘Strategy for Success’ Tweet Chart of the week: XRP eyes 15% gains next week for these three reasons Polymarket Gives 18% Odds to Kanye West Launching Own Crypto Yahoo Finance is reportedly blocking press releases from crypto companies U.S. Regulator Pursuing Tokenization Pilot to Tap Stablecoins as Collateral Famous Millionaire Raoul Pal Reveals Three Scenarios He Expects in Bitcoin Until the End of 2025! Hamster Kombat price loses support ahead of Tapswap airdrop 'Just a Matter of Time': Analyst Forecasts Major Bitcoin Move New validators spring up as Solana usage surges Large Shiba Inu Holders Keep Accumulating as Price Drops 18% This Week Retail Investors Have Been Stacking 10,627 BTC Per Day: Glassnode IOTA Rebased Testnet Onboards Trusted Validators Securing Billions in Assets Bitcoin allocation plan could push Czech Republic ahead of UK, Germany: Bitget CEO Why markets shrugged at Trump’s first crypto moves | Opinion Helium ($HNT) Eyes Rebound with Key Support and Buy Signal Dogecoin (DOGE) Trading Volume Skyrockets to $2 Billion as Price Roars Back 520,000,000 XRP Absorbed by Insatiable Whales in Just Three Days 10 Most Crypto-Friendly Countries in 2025 Introducing the Bitcoin Everything Indicator Why Ethereum is Going Down: Price Slides Amid Competition and Weak Demand RBI cuts repo rate: which sectors and stocks could benefit? Reform UK Member of Parliament Open to Learning About Bitcoin, Admits to Holding XRP Bitcoin (BTC) Pushes $100K Again, But Investors Are Cautious! They Focus on These Levels Against a Drop! Industry Experts Weigh in on MiCA’s First Two Months of Enforcement XRP Price Analysis: Make-or-Break Moment as Bulls Fight for Control Cardano Price Analysis: Will Elon Musk Put US Treasury on ADA Blockchain? Bitcoin tags $100K despite warning Fed rate cut pause 'here to stay' Big Bear Analyst il Capo Listed His Expectations for the Future of Bitcoin and Altcoins! He Announced His New Strategy! Tornado Cash dev Alexey Pertsev’s bail a ‘crucial step’ in getting fair trial, defense says Ethena (ENA) Price Nears $0.50 Support, Breakout Likely? The evolution of crypto payments and what lies ahead This chart pattern sets Bitcoin’s next short-term price targets Ether May Be Ready for a Bull Run as Price Action Mirrors August Bottom TRX price could surge as Tron fees and transactions jump Major Korean Crypto Exchanges Suddenly Rename XRP: What's Going On? Is crypto still early in the cycle? 3,368,549,976,020 Shiba Inu in One Minute, What's Happening? Tether (USDT) Flips XRP in Crypto Rankings, What's Next? Dogecoin Gains Momentum: A Potential Upside Move Toward $0.2677 Looming Dogecoin (DOGE) Uptrend Officially Over? Price Loses Key Support Sei TVL Grows, Leads with Ultra-Low Transaction Fees A Year Later, 3 Bitcoin ETFs Rank in the Top 100 by AUM: “Not a Fringe Asset Anymore” Over $44 billion wiped out from the memecoin market in the past 3 weeks Ethereum (ETH) Struggles Below $2,800 as Market Weakness Persists Ethereum's Buterin Urges Apple to Leave UK As Bitcoin Continues to Fall, Long-Term BTC Holders Continue to Accumulate! Here Are the Details ECB will 'assess' ties with national banks holding Bitcoin reserves XRP Shorts Getting Wiped Out Amid Sudden Price Surge Stablecoin issuer Tether to expand dealmaking beyond crypto: report XRP Price Prediction for February 7 ChainOpera Taps Bittensor’s GPU Support to Supercharge Open-Source Innovation Crypto Market Overview – What Happened in January? Coinbase Could Be One of Biggest US Banks, CEO Armstrong Reveals Cardano (ADA) Price Prediction for February 7 This Solana prediction has traders talking—and it’s big Stellar (XLM) Sees 24% Jump in Volume in Push to Flip AVAX Massive $250 million USDC mint hints the bull market is back today – Buy time? BREAKING: US Nonfarm Payrolls Data Released! What Was Bitcoin's (BTC) First Reaction? JUST IN! Coinbase Is Unstoppable: Adds Three New Altcoins to Listing Roadmap! KBW Starts Strategy Coverage With Outperform, Says Firm Offers Leveraged Bitcoin Exposure Libre Capital Makes Its Investment Funds Available to Sui Users Forget $10 Dogecoin Price Target, Can DOGE Hit $1 in February? Market analyst sees'1500% pump' in XRP price amid multiple ETF applications StarAI to Redefine Decentralized AI-Led Web3 Search in Collaboration with Adot Ripple’s CEO Join Trump’s Crypto Advisory Council, Can Skyrocket XRP to $5.5 Binance CEO highlights institutional role in driving Bitcoin adoption io.net Partners with Orbit to Improve Blockchain Transparency for AI Agents Berachain lands on Crypto.com following a wave of major exchange listings Berachain’s BERA Struggles to Gain Market Traction After Airdrop Flare launches Flare Fair, a virtual DeFi fair Mastercard believes 2025 will be a game-changer for crypto and banking Can Solana Price Hit $520 as SOL Revenue Grows to $840M? University of Waterloo to Create Blockchain and AI Lab With $1 Million Interop Labs Donation Tether's new AI tech translates brain signals into speech Flare Network’s $134B XRP Yield Announcement Stuns Crypto 5IRE Leads Daily Crypto Gainers with a 45.6% Surge Amid Market Activity Analyst Reiterates $20 Dogecoin Price Call: How Realistic is the Target? The Long-Expected Bullish Signal for Ethereum (ETH) May Have Arrived! CryptoQuant Analyst Shares His Detailed Analysis! Mastercard: Central banks will likely lean away from issuing retail CBDCs Deutsche Bank’s Bold Forecast: China’s AI Surge and the Crypto Market Boom $170,000,000: Shiba Inu (SHIB) Open Interest Nosediving BlackRock Increases Ownership of Strategy to 5% Pauly0x listed on Puerto Rican top 10 most wanted list Stablecoins account for 90% of crypto use in Brazil — Central bank chief Cardano's ADA, DOGE Slide 4% as Bitcoin Traders Await Payrolls Bitcoin volatility rises amid wider market caution ahead of US jobs data Bitget’s BGB Surges Toward $8.50 ATH, Outpaces Top Crypto Assets Solana Analysis: Should You Buy SOL Under $200? Crypto Investors Shift Focus from Meme Coins to Altcoins with Real-World Value A16z-backed Story Protocol unveils tokenomics ahead of mainnet launch XRP 26% Price Drop: 3 Price Scenarios to Watch TRON Analysis: Can a Channel Breakout Trigger a 30% Rally? Shiba Inu Torches Over 15 Million SHIB as Price Crashes Further Enso surpasses $3.1 billion in crypto transaction volume FCA Doubles Down on Financial Promotions: Flags About 20,000 Ads in 2024 IREN CEO: Bitcoin will beat gold in terms of market cap by 2030, reaching a $1,000,000 price ConsenSys Twice Hit by Operation Chokepoint, CEO Lubin Credits Bank for Fighting Back Riot Platforms Bucks Trend of Weak Bitcoin Production in January Bitcoin miners in Russia worry about sanctions as government starts collecting wallet addresses Bitcoin Activity Hits 1-Year Low, but These Metrics Point to Bullish Moves: CryptoQuant Bitcoin Analysis: Will BTC Price Rally Revive to $106,000? Here’s why XYO rallied over 30% today Hedera (HBAR) Bulls Weaken, Price Teeters Near $0.20 Danger Zone Crypto trader makes $600k in 2 hours with amazing short position Injective Proposes First On-Chain S&P 500 Index Governance Ethereum Price Analysis: Can ETH Reclaim $3,000 Amid Institutional Support? Ethereum Faces 'Intense' Competition From Other Networks: JPMorgan Uniswap Price Eyes Recovery As Whale Bags $16M UNI From Binance 613 Trillion Shiba Inu (SHIB) Now Held by Only 10 Whales: Santiment Toncoin Falls 22.7% in a Week: Will the Crash Extend To $3? Near Foundation Launches $20 Million Fund to Boost AI Agents Daily Market Review: BTC, ETH, TRX, XAUt, BNB XRP Price Can Climb 1000% If This Happens… Ethereum Set for Major Triangle Breakout: $4,165 in Sight Federal Reserve Explores Ripple’s RLUSD Stablecoin for FedNow Payment System UAE Government to tackle virtual asset financial crime with Dubai regulator Berachain (BERA) Price Rockets 630% Amid Major Binance Support, What’s Next? Can XRP Price Hit $5.5 if Trump Adds Ripple CEO To Crypto Advisory Board? Bitcoin's Network Activity Index Drops 15 Percent Since November, Gold's Rise Continues! Here Are the Details Ethereum (ETH) gas falls under 1 gWEI again, as Phantom fees come up on top Former US Senate Candidate Says SEC Lawyer Jorge Tenreiro Deserves Recent Demotion and Humiliation ‘Make me feel emotional desire to quit:’ Ethereum’s Buterin frustrated by community’s focus on ‘degen casino’ BounceBit’s 2025 Plan: Expanding CeDeFi with RWAs Can Fartcoin Price Rally To $1.4 Or A Crash To $0.35 Looms? Here’s All Can XRP price reclaim $3? Exploring key catalysts for a potential rally Berachain Price Prediction: Massive $632M Airdrop Sparks Explosive Rally $USDT Inflows to Crypto Exchanges Spike to $2.72B This Week, Biggest Since 2022 XRP News: Ripple Whales Buy 520M XRP Amid Recent Dip, What’s Next? Trump-backed WLFI buys 342,000 ONDO crypto tokens – Why? As Long As This Level Holds, Dogecoin Can Reach $10: Analyst BNB Chain Plans to Tackle MEV Issues After Community Vote Here are Projected Timelines for XRP to Hit $10, $50, $100, $500 After Recent Crash Korean crypto exchange numbers fall 26% due to unclear regulations, bank access: report Message from Binance Founder CZ to Türkiye! "He Didn't Forget the Earthquake!" Best crypto to buy in this altcoin bear market for 10x gains Bitcoin Primed for ‘Most Violent Move’ to the Upside in Years, Says Analyst – But There’s a Catch Top 10 Crypto Tokens Launched By Market Cap in January Brazilian Lawmaker Proposes Bill to Allow Investment Funds to Buy Crypto Tron price prediction: Here’s why Justin Sun’s TRX may surge How Soon Could Shiba Inu Reach $0.000641, $0.00364, and $0.0111? Here Are Potential Timelines Masa x CxAI: Shaping the Future of User-Centric AI with Blockchain Innovation Dogecoin Price Forecast: Analyst Predicts TimeLine for Dogecoin To Reach $440 ATB Financial fuels crypto in Canada while big banks stay away Crypto Price Analysis February-07: ETH, XRP, ADA, BNB, and SOL Bitcoin traders eye 'huge' US jobs data as BTC price risks $95K dip Telegram Meets AI Agents: TheOpenLayer Partners with NPC Team Cardano Price Bounce Back May Cost Traders Losses Worth Millions Japan Crypto Exchange Cleanup Begins With 5 Apps Blocked Bitcoin on Track for $100,000 as Fed’s Reverse Repo Facility Hits 1,387-Day Low Ripple CEO Shows Time is Ticking as XRP ETF Filings Move Forward with Multiple 19b-4 Submissions Bitcoin ETFs face fresh outflows, Fidelity’s FBTC tops the list Trump Bitcoin Plus ETF: How It Could Impact Bitcoin Price Why Crypto Market is Down? Bitcoin Struggles While Altcoins Face Major Losses Over $3 Billion Bitcoin and Ethereum Options Expiring as Markets Digest Effects of Trump Tariffs If Ethereum Price Revists $2,000, Should You Buy ETH? What Is Artificial Superintelligence Alliance (FET)? Smart Whale Bags $13.75M Profit from PEPE Trade – Another Whale Scoops Up WIF Meme coin chronicles: Hide the pain Harold Bitcoin Sees Market Shift as 20,000 BTC Exit Long-Term Holder Wallets Bitcoin in a Mire, Gold Eyes 6th Straight Week of Gains as Jobs Data Looms Notorious 2.6m SOL validator, Melea accused of misleading stakers Ripple CTO Recalls SEC Lawsuit Shock: ‘A Lot of People Thought It Was Over’ Bitcoin Reserve Bill Introduced by Kentucky Shiba Inu Tops Altcoin Market Under Heavy Whale Influence When Will Altcoins Selling Stop? Is This Final Dump Before Pump? Who is Selling Bitcoin? Decoding the Bearish Signals and Altcoin Sell-Off : 10x Research Ether derivatives netflow falls to lowest in 18 months — Why is this bullish? Polymarket hits 450,000 active traders as interest expands beyond US elections Bitcoin Price Analysis: Rollercoaster Fluctuations as Key Support Faces Ultimate Test Elon Musk and the Rise of DOGE: Is AI and Blockchain Set to Rewrite Federal Spending? The Effects of Trump’s Two Weeks on the Crypto Market The Effects of Trump’s Two Weeks on the Crypto Market Bitcoin Price Attempts a Comeback: Can the Recovery Hold? Phishing attackers target Phantom wallet users with fake update pop-ups Stablecoin and memecoin frenzy drive Tron’s adoption: Report XRP Price Eyes 40% Gains, Analyst Reveals The ‘Best Level’ To Buy And Hold Ripple: Digital Assets Are Fueling $100B Custody Boom—Institutions Are Scrambling BNB Price Poised to Rally—If It Can Overcome This Hurdle Ethereum is Trading -7.98% Below Our Price Prediction for Feb 12, 2025 Utah takes the lead in potentially enacting a Bitcoin reserve bill TON blockchain risks fading into obscurity after a series of poor decisions Canadian who tried to hide 450 Bitcoin from feds gets more prison time Ethereum ETFs added 16% of their lifetime inflows in one week—is a breakout coming? Sony's Soneium Releases First Music NFT Collection With Coop Records’ NUU$HI Drop Ripple News: XRP Spot ETFs Could Soon Hit the Market as CBOE Pushes for SEC Approval XRP Price Weakens Gradually: Can It Find Support? SEC advances Grayscale's Solana ETF proposal following 19b-4, seeks public input Firms flaunt blockchain’s utility in transportation, maritime Crypto News Today: Trump Jr. Declares Crypto the New Weapon for U.S. Economic Hegemony SEC acknowledges Grayscale Solana ETF filing in ‘notable’ step Crypto Market Today Feb 7: BTC & Altcoins Continue to Struggle, TRON Jumps 4% BlackRock Expands Crypto Offerings With Bitcoin ETP in Europe: Report XRP ETF Race Heats Up: Cboe Files 19b-4 Filings for 4 Funds with SEC Ondo Finance Targets Institutional Investors with New Chain Buying the Dip? These Coins Are at Key Entry Levels io.net to Advance Blockchain Transparency for AI Agents in Partnership with Orbit Dogecoin Faces Bearish Pressure Despite Whale Accumulation Ethereum Price Stuck in Slow Gear: Will a Breakout Come Soon? Trump Media Plans Bitcoin ETF Amid $250M Crypto Investment Trump’s Focus Shifts, Buys $4.7 Million of ONDO Bitcoin Network Activity Slumps To One-Year Low – Is BTC Overpriced? Solana’s Economic Value Surges 319% Amid DeFi and NFT Boom Dogecoin (DOGE) Price Struggles to Gain Momentum As Trading Volume Falls 36% Ethereum Outflows On Derivative Exchanges Hit Record Lows: What It Means for ETH Blockchain to enter Singapore F&B; AgriTech poised for growth Chainlink CCIP Integrates with Corn to Secure Bitcoin Cross-Chain Transactions Zuckerberg meets White House officials, backs Trump’s push for US tech dominance Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Optimism price prediction 2025–2031: Will OP token gain momentum? Binance Research Shows 47 Crypto ETF Filings and Record Token Launches Ondo Finance Reveals Chain Launch Plans as Trump-Linked Project Buys a Bundle of Tokens Ethereum Card Game 'Gods Unchained' Launches Battle Pass Ahead of Next Expansion Bybit makes peace in India, pays $1m Finance Ministry fine, agrees to full adherence to law Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics Hawk Tuah Girl Posts, Then Deletes Podcast With Crypto Influencers—What’s Going On? Trader Says $425,000,000,000 Altcoin Market Cap Likely To Be Broken, Updates Outlook on Bitcoin Franklin Templeton seeks SEC approval for Crypto Index ETF BNB Price Eyes 50% Rebound With Wedge Pattern Formation Why The Bitcoin Dominance Reaching 71% Is Important For Altcoin Season To Begin Cardano (ADA) Dips, But Analysts Eye Major Price Surge Crypto AI Agents Struggle as Market Cap Drops 13% and New Token Launches Slump Just In: World Liberty Financial to Launch Strategic Reserve as Trump Jr. Backs Crypto Again: Bitcoin (BTC) Ready for $100,000, Cardano (ADA) Might Regain 50% in This Bounce, Solana (SOL) Reaches Reset Point Institutional Investors Fuel CleanSpark’s Surge in Stock Ownership Ethereum Price Set for $4K Breakout as Upgrades Propel Rally Copper to provide crypto custody services for Fineqia’s crypto ETNs US SEC Reviews BlackRock’s Proposal for Bitcoin ETF In-Kind Redemptions Will Dogecoin Price Rally To $20? Analyst Eye Potential 306X Surge
