CoinShares Physical XRP
A physically-backed Exchange Traded Product (ETP) providing secure, transparent exposure to the Ripple network's native asset, XRP.
XRP's
Investment Universe
Click on each investment method to learn more
Exchange
Traded Products (ETPs)
Trade like shares, slot into existing brokerage accounts and portfolio management systems.
Exchange Traded
Products (ETPs)
Trade like shares, slot into existing brokerage accounts and portfolio management systems.
Brokers
Intermediaries such as CoinShares Capital Markets acting as a bridge between crypto exchanges and professional investors.
OTC
Trusts
Publicly traded investment trusts, bought and sold over-the-counter (OTC). Significant premiums often apply.
XRP CFDs
Often offered by traditional trading platforms for high fees. Cash settled derivative contracts offering leveraged speculative trading.
Crypto
Exchanges
Exchange venues where users can deposit fiat and trade crypto. Liquidity is fragmented across multiple venues.
XRP
Futures
‘Crypto only’ bitcoin settled futures via unregulated exchanges like BitMex
Crypto Hedge
Funds
Hedge funds running active digital asset strategies, including quantitative, long only, long-short & multi-strategy.
Exchange
Traded Products (ETPs)
Trade like shares, slot into existing brokerage accounts and portfolio management systems.
CoinShares Physical ETP Structure
CoinShares Physical XRP (XRPL) is a physically backed Exchange Traded Product (ETP). Securities derive their value from the underlying cryptocurrency. All XRP is securely held with Komainu - an institutional-grade regulated digital asset custodian.
CoinShares Physical ETP Structure
- Investor places buy order for XRPL Securities with a Broker
- Broker either sources existing inventory or asks Liquidity Provider to apply for new XRPL Securities
- Liquidity Provider purchases XRP in the crypto markets for delivery to the Issuer
- Liquidity Provider then sends XRP to the Issuer’s custodian
- Only after XRP has been received, Issuer delivers XRPL Securities to Liquidity Provider
- Liquidity Provider settles securities with Broker and Investor receives those XRPL Securities in exchange for the cash
- Investor places sell order with a Broker
- Broker sells Securities to Liquidity Provider for cash
- Liquidity Provider delivers Securities to Issuer
- Only after the Securities have been delivered, Issuer delivers relevant amount of XRP to Liquidity Provider
- Liquidity Provider either holds or sells XRP for cash in the crypto markets
| Underlying Asset | XRP |
| Base Currency | USD |
| Management fee | 1.50% |
| Bloomberg Code | XRPL SW |
| Securities Lending | No |
| ISIN | GB00BLD4ZN31 |
| Leverage Factor | N/A |
| Coin Entitlement (CE) | 40.0 XRP at launch |
| Price per security | Coin Entitlement (CE) x XRP price |
| Domicile | Jersey |
| Replication method | Physical |
| Legal structure | Debt Security (ETP) |
| UCITS Eligible | Yes *UCITS eligibility varies by jurisdiction. Please contact CoinShares if you would like to discuss. |
| UK Reporting Fund Status | Pending |
| Custodian | Komainu (Jersey) Limited |
| Administrator | JTC Fund Solutions (Jersey) Limited |
| Trustee | The Law Debenture Trust Corporation p.l.c. |
| Auditor | Baker Tilly Channel Islands Limited |
| Issuer | CoinShares Digital Securities Limited |
| Registrar | Computershare Investor Services (Jersey) Ltd |
| Country | Exchange | Trading Currency | Bloomberg Code | ISIN | SEDOL | WKN | Listing Date |
| Switzerland | SIX | USD | XRPL SW | GB00BLD4ZN31 | BLD4ZN3 | A3GRUE | 13/04/2021 |
| Switzerland | SIX | EUR | XRPLEUR SW | GB00BLD4ZN31 | BMFPBT9 | A3GRUE | 13/04/2021 |
| Switzerland | SIX | CHF | XRPLCHF SW | GB00BLD4ZN31 | BMFPBV1 | A3GRUE | 13/04/2021 |
How To Invest
Platforms
CoinShares Physical XRP (XRPL) can be bought and sold in the same way as shares or funds. You can invest in XRPL via your existing investment platform or broker:
- Search for XRPL, CoinShares Physical XRP, or GB00BLD4ZN31 on your investment platform
- Input the number or value of securities you wish to buy or sell
- Place the order
Institutions
We’ve partnered with liquidity providers Flow Traders, DRW and Jane Street.
Our Capital Markets desk has decades of experience in traditional securities trading, and has also crucially been trading in spot and derivative crypto markets since 2014.
Institutions can contact us to discuss efficient execution, or for unique & direct insight into the digital asset ecosystem.
FAQs
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An Exchange Traded Product (ETP) is a financial instrument traded on a stock exchange, like shares. They can provide investors with exposure to a huge variety of investments, such as equities, commodities, fixed income, and cryptocurrencies, and can often be purchased through tax-efficient wrappers.
Similar to shares, ETPs can be bought and sold whenever the stock exchange is open as prices are quoted throughout the day, and can often be purchased through tax-efficient wrappers.
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Every share of XRPL is ‘physically backed’ by an amount of XRP, which is securely stored with a custodian. You can see how much XRP is backing your shares by checking the daily Coin Entitlement figure (i.e. how much XRP each XRPL Security entitles the holder to).
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CoinShares is Europe’s largest digital asset ETP provider with over $4bn in assets under management for clients across the continent (as of 15 Feburary 2021).
We pioneered the first regulated bitcoin fund in 2014, and are solely focused on cryptocurrencies and digital assets.
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CoinShares Physical XRP is listed on the SIX Swiss Exchange in Zurich, Switzerland's principal stock exchange.
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The risk factors relating to the underlying cryptocurrencies are outlined in the Risk Factors section of the Prospectus.
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ETPs provide exposure to a wide range of asset classes and indices that can be difficult or costly to access directly, whilst trading through the same brokers and platforms as shares.
Similar to shares, ETPs can be bought and sold whenever the stock exchange is open as prices are quoted throughout the day, and can often be purchased through tax-efficient wrappers.
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