🚨SCOOP: XRP depository receipts will soon be available for purchase by accredited investors through @ReceiptsDepo and @DWP_advisors, @FoxBusiness has learned. Much like traditional ADRs (American Depository Receipts) that represent shares of foreign companies, the XRP DR represents ownership of the underlying XRP without investors having to buy the asset directly via a crypto exchange. The benefits are similar to those of an ETF where investors can gain exposure to an asset without having to buy it directly through a foreign exchange or a crypto exchange. In short, it’s another way of bridging the gap between TradFi and DeFi. The XRP DRs will be held by @Anchorage, a federally chartered bank overseen by the @USOCC.