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Startup Founded by Citi Alumni to Launch XRP-Backed Securities

Receipts Depositary Corp. already offers bitcoin and ether-backed securities and is now looking to expand its product suite by adding XRP.

XRP-backed securities would give institutions access to the cryptocurrency through U.S. regulated market infrastructure. (Getty Images)
XRP-backed securities would give institutions access to the cryptocurrency through U.S. regulated market infrastructure. (Getty Images)