100% physically backed, this ETC gives you seamless exposure to Ripple's XRP governance token. Ripple is a payment settling, currency exchange and remittance system for financial institutions with its own cryptocurrency XRP. The project is primarily dedicated to payment transactions between different currency areas and tries to increase efficiency within payment corridors.
Buy and sell like any stock or ETF through your regular broker or bank. No new account needed, just enter the ticker or ISIN on your trading platform.
The XRP is kept in cold-storage at a regulated custodian, and all assets are secured by an independent trustee, thus eliminating issuer default risk.
You are legally entitled to the underlying XRP and you can redeem the ETP for the cryptocurrency, alternatively to selling on exchange.
Issued in Germany under German regulatory oversight, the ETP’s primary listing is on XETRA, the largest ETF exchange in Europe.
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BitGo Trust pioneered multi-signature security in 2013 and, since then has become an industry standard in delivering institutional grade security solutions for digital assets.
Being the first qualified custodian purpose-built for holding digital assets, BitGo Trust Company is an independent trust company regulated by the South Dakota Division of Banking, and SOC 2 Type 1 & 2 certified.
All ETC assets are kept in cold wallets. Cold wallets mean that the digital wallets are not connected to the internet. This protects the wallets from hacks, unauthorized access, and other vulnerabilities.
Digital asset are stored using a multi-signature technology and can only be accessed when sharded keys held by separate entities are unities. This creates additional layers of security to protect investor funds.
BitGo's $250 million custody insurance policy protects against third-party hacks, theft or dishonest acts by BitGo employees or executives as well as the loss of keys.