Grayscale Investments has launched the Grayscale XRP Trust, offering accredited investors exposure to XRP, the token used on the XRP Ledger.

The Trust is available for daily subscription to qualified investors and operates similarly to Grayscale’s other single-asset investment trusts, according to a Ripple press release. While XRP’s regulatory status remains uncertain due to the ongoing legal battle between the SEC and Ripple XRP
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XRP, Grayscale remains optimistic about its long-term value.

The XRP ledger is a blockchain designed to facilitate fast, cross-border transactions. According to Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, the Trust aims to provide investors access to a digital asset with real-world payment utility.