Crypto asset management firm Grayscale Investments announced the launch of Grayscale XRP Trust on Thursday. The new trust provides investors with a chance to gain exposure to XRP, a cryptocurrency used to facilitate cross-border financial transactions through the XRP Ledger. Grayscale said on social media platform X:
We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale XRP Trust, which will be available through private placement. Available to eligible accredited investors.
The Grayscale XRP Trust functions like other single-asset investment trusts offered by the firm, holding only XRP, the token underlying the XRP Ledger, the company explained.
The trust is now available for subscription by accredited individual and institutional investors, who can access it on a daily basis. Grayscale emphasized that the trust provides an opportunity to invest in a protocol designed for real-world financial applications, specifically cross-border payments.
Grayscale’s head of product and research, Rayhaneh Sharif-Askary, highlighted the potential impact of XRP, stating: “XRP has the potential to transform the legacy financial infrastructure.” Sharif-Askary opined:
We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case.
The crypto asset manager aims to have shares of new products quoted on secondary markets, though the firm cautions that approval is not guaranteed.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。