Eleanor Terrett (@EleanorTerrett): 🚨SCOOP: $XRP depository receipts will soon be available for purchase by accredited investors through @ReceiptsDepo and @DWP_advisors, @FoxBusiness has…

🚨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.