XRP Trust Empowers Accredited Investors with Real-World Utility

Join us on :

Grayscale Investments, a leading crypto asset manager, emphasizes the significant benefit of its recently launched XRP Trust. Earlier this month, Grayscale reintroduced the XRP Trust, providing accredited investors with direct exposure to XRP. Since its launch, Grayscale has outlined numerous advantages, including a potential four-phase growth strategy that could eventually evolve into a spot-based crypto ETF.

“We believe @Grayscale $XRP Trust gives investors exposure to a protocol with an important real-world use case,” said Grayscale’s Head of Product & Research, @Ray_scale.

Read the full @CoinDesk article 👇 https://t.co/hX3FT1MU8M
— Grayscale (@Grayscale) September 23, 2024

XRP’s Real-World Application in Financial Infrastructure

Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research, recently highlighted the XRP Trust’s ability to give investors direct access to a protocol with real-world utility. According to Sharif-Askary, XRP plays a pivotal role in modernizing global financial systems, particularly in cross-border payments, which it completes within seconds.

Although Sharif-Askary first made these remarks during the XRP Trust’s launch, Grayscale reiterated the statement in a recent tweet. XRP has consistently proven its effectiveness in enabling faster, cheaper, and more efficient cross-border payments.

Ripple, a well-known company based in San Francisco, uses XRP for real-time international settlements. XRP is central to Ripple’s payment solutions, especially its On-Demand Liquidity (ODL) product, now called Ripple Payments, which relies on XRP to achieve low-cost, near-instant transactions across borders.

Ripple’s ODL solution has significantly reduced settlement times for cross-border payments, bringing the timeframe down from three business days to mere seconds. The technology also eliminates the need for pre-funding, making it a key option for instant settlements. Several financial institutions have adopted this XRP-powered solution, further demonstrating its utility.

Growing Adoption and Financial Impact

In 2022, Malaysian payment provider Tranglo integrated Ripple’s ODL across all its payment channels. By 2023, Tranglo announced it had processed over $1 billion in transactions through ODL, highlighting the product’s relevance in global financial services.

Grayscale’s XRP Trust allows accredited investors to capitalize on XRP’s role in global payments. Over the past 24 hours, the net asset value (NAV) of Grayscale’s XRP Trust has increased by 0.77% to $11.74. The Trust currently manages $733,532 worth of assets.