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Ripple Breakthrough: New Crypto Fund for Institutional Investors Includes XRP

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https://dailyhodl.com/2018/08/31/ripple-breakthrough-new-crypto-fund-for-institutional-investors-includes-xrp/

"XRP will be included in a new crypto fund for the super wealthy.

Today, Balance Custody launched its new crypto custody solution for institutional investors. It includes XRP on its list of eight digital assets.

The breakthrough follows a recent snubfrom Morgan Creek Capital, which decided not to include XRP in its new crypto fund for investors with big capital.

...

Here’s a look at the other coins on the list, in addition to XRP.

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Litecoin (LTC)
• Dash (DASH)
• Stellar Lumens (XLM)

The digital assets were selected based on technological merit, community strength and track record.

Balance reportedly offers some of the lowest custody fees in the industry.

The company is based in Canada, and says it’s working closely with regulators to ensure it’s in full compliance with the country’s laws on digital currency.

Ripple, which owns 60% of the total supply of XRP, says it’s also having a breakthrough with its direct sales of XRP to institutional investors. CEO Brad Garlinghouse says the company’s next XRP Markets Report will show a big boost in interest from wealthy investors."

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3 hours ago, vrippled said:

https://dailyhodl.com/2018/08/31/ripple-breakthrough-new-crypto-fund-for-institutional-investors-includes-xrp/

"XRP will be included in a new crypto fund for the super wealthy.

Today, Balance Custody launched its new crypto custody solution for institutional investors. It includes XRP on its list of eight digital assets.

The breakthrough follows a recent snubfrom Morgan Creek Capital, which decided not to include XRP in its new crypto fund for investors with big capital.

...

Here’s a look at the other coins on the list, in addition to XRP.

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Litecoin (LTC)
• Dash (DASH)
• Stellar Lumens (XLM)

The digital assets were selected based on technological merit, community strength and track record.

Balance reportedly offers some of the lowest custody fees in the industry.

The company is based in Canada, and says it’s working closely with regulators to ensure it’s in full compliance with the country’s laws on digital currency.

Ripple, which owns 60% of the total supply of XRP, says it’s also having a breakthrough with its direct sales of XRP to institutional investors. CEO Brad Garlinghouse says the company’s next XRP Markets Report will show a big boost in interest from wealthy investors."

Alot of the volume seems to be otc and not through the exchanges. In turn the price of XRP doesn't move..

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4 hours ago, Still1 said:

Alot of the volume seems to be otc and not through the exchanges. In turn the price of XRP doesn't move..

i'd assume that's how this show starts. OTC, inside buyers and small retail and then BAM, game on. I hope you're correct.

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6 hours ago, Longjohn said:

Canadian FI,s were among the first to grasp Ripple's tech. They actually hold XRP on their balance sheets as as an asset.ATB RBC CIBC. Us Canucks might actually get this Xrapid show on the road . 

Shout out to my fellow Canuck! ?

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