21shares Xrp Etf's Comment on Sales, Marketing and Customers
The XRP Custodians provide cold storage services for private keys associated with XRP, utilizing secure offline facilities in the United States and Europe. They handle deposits and transfers of XRP through private keys stored offline, operating under strict internal controls and audits, including Systems and Organizational Control (SOC) attestations conducted by an external provider. The Custodians maintain a commercial crime insurance policy covering client assets held in cold storage; however, this insurance is shared among all customers and may not fully protect the Trust. The Trust's XRP assets are not loaned, pledged, or used as collateral, and the Trust does not engage in leverage or derivatives. In the event of a fork in the XRP protocol, the Custodial Services Agreements permit the Custodians to suspend services and determine whether to support forked branches, with efforts made to support at least the original digital asset. The Custodians have limited liability concerning unsupported forks or related software protocol operations, and the Trust assumes the associated risks.
21shares Xrp Etf’s Comment on Sales, Marketing and Customers
The XRP Custodians provide cold storage services for private keys associated with XRP, utilizing secure offline facilities in the United States and Europe. They handle deposits and transfers of XRP through private keys stored offline, operating under strict internal controls and audits, including Systems and Organizational Control (SOC) attestations conducted by an external provider. The Custodians maintain a commercial crime insurance policy covering client assets held in cold storage; however, this insurance is shared among all customers and may not fully protect the Trust. The Trust's XRP assets are not loaned, pledged, or used as collateral, and the Trust does not engage in leverage or derivatives. In the event of a fork in the XRP protocol, the Custodial Services Agreements permit the Custodians to suspend services and determine whether to support forked branches, with efforts made to support at least the original digital asset. The Custodians have limited liability concerning unsupported forks or related software protocol operations, and the Trust assumes the associated risks.
Sources:
21shares Xrp Etf’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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