Demex Daily #239: Grayscale Introduces XRP Trust for Cross-Border Payments

What’s Interesting Today:

Grayscale Investments has introduced the Grayscale® XRP Trust, offering accredited investors a way to invest in XRP, the digital asset that powers the XRP Ledger (XRPL) for cross-border transactions. This Trust is available for daily subscriptions and operates like Grayscale's other single-asset investment products. Grayscale plans to seek secondary market listings for the Trust's shares, though regulatory approval is not assured. Investors should be aware of potential risks, including the possibility that shares may trade at a premium or discount relative to the underlying value of the assets.

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Soneium, an Ethereum Layer-2 network, has integrated with Chainlink’s Scale program, gaining access to Chainlink’s Data Feeds and Cross-Chain Interoperability Protocol (CCIP). This partnership enhances Soneium's blockchain capabilities, enabling better data support and seamless cross-chain interactions. The integration aims to support high traffic and complex applications while improving Web3 and traditional system integration. Chainlink’s infrastructure is expected to bolster Soneium’s performance, which was recently introduced by Sony Block Solution Labs to expand blockchain adoption.

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