Pundit Warns Companies Against Direct XRP Custody
Pundit Warns Companies Against Direct XRP Custody
A crypto pundit, Vincent Van Code, advises companies to avoid direct custody of their XRP holdings, citing potential risks. Instead, he recommends gaining XRP exposure through regulated vehicles like ETFs and other financial wrappers, suggesting a safer approach for corporate digital asset management.
Corporate XRP Holdings: Risks and Alternatives
Crypto pundit Vincent Van Code has raised concerns regarding the practice of companies directly custoding their XRP holdings. With an increase in treasury companies managing digital assets, Van Code suggests a shift towards more regulated methods for gaining exposure to tokens like XRP. He specifically advocates for companies to utilize ETFs (Exchange-Traded Funds) and other regulated financial products as a safer alternative to directly holding the coins. This perspective emphasizes a potential risk for corporate entities involved in direct custody of digital assets, pushing for adherence to structured and regulated investment frameworks.