STAMFORD, Conn., Sept. 12, 2024 (GLOBE NEWSWIRE) – Grayscale Investments®, a leader in the crypto asset management industry, is excited to announce the launch of its new single-asset crypto investment fund — Grayscale® XRP Trust. This new offering provides eligible accredited investors with exclusive access to invest in XRP, a digital asset that powers the XRP Ledger (XRPL), which is designed to facilitate seamless cross-border financial transactions.
🌐 Why Grayscale XRP Trust?
- Real-World Use Case: XRP supports global cross-border payments, completing transactions in seconds ⏱️, offering a revolutionary alternative to traditional financial infrastructure.
- Invest in Innovation: Investors gain exposure to one of the most efficient protocols driving crypto adoption worldwide.
Grayscale’s Commitment to Investors💼
Grayscale remains focused on providing its clients with convenient and familiar access to cutting-edge crypto investment opportunities as the market landscape continues to evolve. With more than 20 existing crypto investment products, Grayscale’s XRP Trust further cements its position as an industry pioneer. Here's what the Trust offers:
- Daily Subscription Open: Accredited individual and institutional investors can subscribe to the Trust on a daily basis.
- Single-Asset Exposure: The Trust is solely invested in XRP, providing direct exposure to this rapidly growing digital asset.
🚀 The Power of XRP:
- Speed & Efficiency: XRP enables fast, secure cross-border transactions, reducing the time and cost associated with legacy financial systems.
- Global Adoption Potential: By leveraging a decentralized peer-to-peer network, XRP is already making waves in the world of international finance.
Rayhaneh Sharif-Askary, Grayscale's Head of Product & Research, had this to say:
"We believe the Grayscale XRP Trust provides investors with exposure to a protocol that has an important real-world use case. XRP has the potential to revolutionize the way we handle cross-border financial transactions by offering near-instant settlement times."
Legal Disclaimer ⚖️
This announcement is not a solicitation to buy or sell any security in jurisdictions where such offers would be illegal. Grayscale plans to seek secondary market approval for its new products but cannot guarantee success. Investors in these products should be prepared for indefinite risk-bearing, as some shares of existing products have traded at a discount or premium compared to the value of the assets held.
About Grayscale Investments®🏢
Founded in 2013, Grayscale Investments® is an asset management firm offering crypto exposure through single-asset, diversified, and thematic products. With over a decade of expertise, Grayscale is a trusted partner for investors, advisors, and allocators in navigating the digital economy.
💡 Interested in learning more about Grayscale XRP Trust or our range of products? Visit our website for more details and explore how we can help you stay ahead in the ever-evolving crypto market.
