XRP Trust Launched by Grayscale with Vision to Transform Conventional Financial Frameworks

Grayscale Investments has launched the Grayscale XRP Trust. Offering accredited investors exposure to XRP, a cryptocurrency used for cross-border transactions via the XRP Ledger.

This new trust, similar to other single-asset investment vehicles by Grayscale, holds only XRP and provides daily access for eligible investors. Grayscale’s head of product, Rayhaneh Sharif-Askary. Emphasized XRP’s potential to transform traditional financial systems.

The trust aims to invest in a protocol with significant real-world applications, particularly in international payments, though Grayscale notes that secondary market quotes are not guaranteed.

Clever Robot News Desk 15^th September 2024