Grayscale, a prominent crypto asset management firm, announces a strategic step to launch a new single-asset cryptocurrency investment fund, Grayscale $XRP Trust. Grayscale discloses this newly launched Grayscale $XRP Trust through its official X account. In its press release, Grayscale discloses the objectives and futuristic strategies of XRP Trust.
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.Read the press release: https://t.co/rOmVPUSFxZ pic.twitter.com/WEhk849RmT
— Grayscale (@Grayscale) September 12, 2024
Grayscale $XRP Trust Offers Investors to Access Cross-Border Payment Technology
Grayscale Investments is offering crypto investors to gain maximum exposure to digital assets, powering the XRPL’s underpinning token for instant and reliable cross-border transactions. While commenting on this new launch, Rayhaneh Sharif-Askary, the head of Grayscale Research and Product highlighted the importance of this new product. He said,
“We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case. By facilitating cross-border payments that take just seconds to complete, XRP has the potential to transform the legacy financial infrastructure.”
Grayscale $XRP Trust is Open for Individual and Institutional Investors
Grayscale Investment officially announced that Grayscale XRP Trust is now open for the daily subscription for institutional and individual investors. Additionally, this newly launched trust will function as the single-asset investment trust of Grayscale and it is entirely invested in the underpinning crypto token of XRP Ledger.
Grayscale Investment has been serving the crypto community since 2013 and striving to provide the best and most advanced financial services. The firm stays dedicated to offering clients easy and familiar ways to invest in crypto as the markets change. This new project of launching Grayscale $XRP Trust will give much confidence to deal with crypto across borders with much confidence and will benefit the crypto community.
