The receipt depositors are investigating securities that support XRP: report

Receiving a Corp (RDC) depository (RDC), launched by former Citigroup managers, plans to start securities from the KSRP, in accordance with COINDESK.

The move will allow institutions to access the KSRP through the market infrastructure regulating the United States.

RDC did not respond to CRIPTO.NEWS ‘request.

The news comes about a year after the RDC announced the transfer of the first ever depository certificate (BTC DR), bringing institutional property of bitcoin in regulated American securities ecosystems.

Modeled after American accounts (ADRS), BTC DRS enables qualified institutional customers, or KIBs, to hold Bitcoin’s trading and trading in the same infrastructure used for traditional securities.

The CSRP securities will be cleaned in the same way via Deployiter Trust Company (DTC).

RDC’s co-founder-ankit Mehta, Briant Kim and Ishaan Narain, was previously working in Citigroup. Startup was supported by the Property Manager Franklin Templeton, the company Financial Services BTIG and the risk capital company Broadhaven Ventures.