Explore Our DRs

Direct, convenient and universally fungible ownership of digital and alternative assets is within reach for qualifying investors. Learn more about our DR offerings below.

DR Program Information

Bitcoin Depositary Receipt (BTC DR)

Security Name:
Restricted Bitcoin Depositary Receipt (BTC DR)
CUSIP:
75620X109 (DTC Eligible)
ISIN:
US75620X1090
Ratio (BTC : DR):
1 : 1000
Depositary:
Receipts Depositary Corporation (RDC)
Digital Asset Custodian:
Anchorage Digital National Association
Transfer Agent:
Broadridge Corporate Issuer Solutions, LLC
Regulations:
Offered under US securities law exemptions: Reg D / 506(c) and Reg S. Eligible for resale under Rule 144A and Reg S.
Investor Restrictions:
Documentation:
Master Receipt Terms and Conditions by and among the Depositary and all Holders and Beneficial Owners of BTC DRs issued thereunder, as amended

Ethereum Depositary Receipt (ETH DR)

Security Name:
Restricted Ethereum Depositary Receipt (ETH DR)
CUSIP:
75620X208
ISIN:
US75620X2080
Ratio (ETH : DR):
1 : 100
Depositary:
Receipts Depositary Corporation (RDC)
Digital Asset Custodian:
Anchorage Digital National Association
Transfer Agent:
Broadridge Corporate Issuer Solutions, LLC
Regulations:
Offered under US securities law exemptions: Reg D / 506(c) and Reg S. Eligible for resale under Rule 144A and Reg S.
Investor Restrictions:
Documentation:
Master Receipt Terms and Conditions by and among the Depositary and all Holders and Beneficial Owners of ETH DRs issued thereunder, as amended

Solana Depositary Receipt (SOL DR)

Security Name:
Restricted Solana Depositary Receipt (“SOL DR”)
CUSIP:
75620X307 (DTC Eligible)
ISIN:
US75620X3070
Ratio (SOL:DR):
1 : 10
Depositary:
Receipts Depositary Corporation (RDC)
Digital Asset Custodian:
Anchorage Digital National Association
Transfer Agent:
Broadridge Corporate Issuer Solutions, LLC
Regulations:
Offered under US securities law exemptions: Reg D / 506(c) and Reg S. Eligible for resale under Rule 144A and Reg S.
Investor Restrictions:
Documentation:
Master Receipt Terms and Conditions by and among the Depositary and all Holders and Beneficial Owners of SOL DRs issued thereunder, as amended

Frequently Asked Questions

What are digital asset DRs?

Digital asset DRs are securities issued by RDC as depositary that are fully fungible with underlying digital assets held by a designated custodian for the exclusive benefit of digital asset DR holders. Digital asset DRs represent direct ownership of the underlying digital asset and are not shares in a fund.

No, in its role as depositary and in accordance with the terms of the digital asset DR facility, RDC does not beneficially own the underlying digital asset held in custody. The digital asset held in custody is held by RDC on behalf of the digital asset DR holders and beneficial owners.

Digital asset DRs are fully fungible with and designed to track the asset value of the underlying digital asset.

No, RDC as depositary cannot lend or sell the digital asset held in custody for operating expenses. Every digital asset DR in circulation must be 100% backed by the digital asset held in custody.

No, RDC’s depositary structure and documentation are designed to ring-fence the digital asset held in custody from RDC’s assets. The underlying digital asset is beneficially owned by the digital asset DR holders and beneficial owners.

A qualifying investor who is onboarded with RDC can instruct RDC to issue and cancel digital asset DRs.

The Future of Digital and Alternative Assets

Digital assets are just the beginning. Our team is actively working to bring our vision for DR-powered investing to a host of other markets – and we want you along for the journey.