The world of digital assets continues to evolve, and institutional-grade investment vehicles are making it easier than ever for investors to gain secure exposure to cryptocurrencies like XRP. Among the most trusted options available today is the CoinShares Physical XRP ETP, a regulated, transparent, and fully backed exchange-traded product designed for seamless integration into traditional investment portfolios.
Whether you're a retail investor or part of an institutional firm, this guide breaks down everything you need to know about the CoinShares Physical XRP ETP — from its structure and benefits to how it compares with other crypto investment methods.
What Is the CoinShares Physical XRP ETP?
The CoinShares Physical XRP ETP offers investors 100% physically backed exposure to XRP, the native digital asset of the Ripple network. Unlike synthetic or futures-based products, this ETP holds actual XRP tokens in custody, ensuring direct ownership and alignment with the underlying asset’s performance.
👉 Discover how easy it is to invest in XRP through regulated financial channels.
Designed with security, transparency, and ease of access in mind, the ETP allows investors to add XRP exposure using familiar brokerage platforms — no need for crypto wallets or exchanges.
Key Features at a Glance
- Fully Physical Backing: Every share issued corresponds directly to real XRP held in cold storage.
- Institutional-Grade Custody: Assets are safeguarded by Komainu, a regulated digital asset custodian co-founded by Nomura, Ledger, and KPMG.
- Regulated Structure: Listed on major European exchanges, offering compliance with MiFID II and other regulatory standards.
- Transparent Reserves: Daily proof-of-reserves data is publicly accessible via LedgerLens, audited by The Network Firm.
These attributes make the CoinShares XRP ETP one of the most reliable ways to gain regulated exposure to XRP without managing private keys or navigating unregulated crypto exchanges.
Why Choose a Physical ETP Over Direct Crypto Ownership?
While buying XRP directly on cryptocurrency exchanges may seem straightforward, it comes with several challenges:
- Security risks from hacks or loss of private keys
- Tax complexity due to frequent transactions
- Lack of investor protection compared to traditional securities
- Custodial uncertainty when holding large amounts
A physical ETP addresses these concerns by combining the benefits of blockchain assets with the safety and familiarity of traditional finance (TradFi). Investors benefit from:
- Simplified custody: No need to manage wallets or seed phrases
- Brokerage integration: Buy and sell just like stocks or ETFs
- Enhanced transparency: Regular audits and real-time reserve verification
- Lower entry barriers: Accessible through standard investment accounts
👉 See why more investors are turning to regulated crypto ETPs for long-term growth.
How Does It Work? The Mechanics Behind the ETP
The CoinShares Physical XRP ETP operates as a debt security issued under Jersey law. Here's how it functions:
- Creation Process: Authorized participants deposit XRP into the custodian (Komainu) in exchange for new ETP shares.
- Redemption Process: Shares can be redeemed for physical XRP (typically available to institutional investors).
- Ongoing Backing: The amount of XRP held always matches the number of outstanding shares.
This structure ensures full asset backing at all times and minimizes counterparty risk — a critical factor for risk-conscious investors.
Real-Time Transparency: Proof of Reserves
Transparency is a cornerstone of trust in digital assets. CoinShares publishes daily proof-of-reserves data through its LedgerLens platform, allowing anyone to verify that the ETP is fully backed by XRP. This independent audit process, conducted by The Network Firm, reinforces confidence in the product’s integrity.
Where Can You Trade the XRP ETP?
The CoinShares Physical XRP ETP is listed across multiple European exchanges in various currencies, making it accessible to a wide range of investors.
Trading Details
Germany
- Exchange: Xetra
- Currency: EUR
- Ticker: XRRL GY Equity
- ISIN: GB00BLD4ZN31
- Listing Date: April 8, 2022
Switzerland (SIX Swiss Exchange)
Available in three currencies:
- USD: XRPL SE Equity
- CHF: XRPLCHF SE Equity
- EUR: XRPLEUR SE Equity
- ISIN: GB00BLD4ZN31
- Listing Date: April 13, 2021
France
- Exchange: Euronext Paris
- Currency: EUR
- Ticker: XRPL FP Equity
- ISIN: GB00BLD4ZN31
- Listing Date: March 17, 2025
These listings ensure liquidity and competitive pricing across major European markets.
Understanding XRP and Ripple: Clarifying Common Questions
What Does Ripple Do?
Ripple is a financial technology company focused on improving cross-border payments. Its core offerings include:
- RippleNet: A global payments network connecting banks and payment providers.
- On-Demand Liquidity (ODL): A solution that uses XRP to enable instant, low-cost international transfers without pre-funded nostro accounts.
By leveraging blockchain technology, Ripple aims to make international transactions faster, cheaper, and more efficient than traditional SWIFT-based systems.
Is XRP the Same as Ripple?
No. While often used interchangeably, Ripple refers to the company, whereas XRP is the digital asset that powers certain functions within the Ripple ecosystem — particularly ODL. You cannot buy stock in Ripple (as it's privately held), but you can gain exposure to its ecosystem via XRP.
Can You Buy Ripple Stock?
Ripple Labs remains a private company and does not offer public equity. However, investors interested in its technology and market potential can participate through XRP or regulated products like the CoinShares Physical XRP ETP.
How to Buy the CoinShares Physical XRP ETP
Purchasing the ETP is simple and integrates smoothly into existing investment workflows:
- Copy the Product ID
Note the ISIN (GB00BLD4ZN31) or ticker symbol depending on your preferred exchange and currency. - Log In to Your Brokerage Account
Use your current investment platform (e.g., Interactive Brokers, DEGIRO, Saxo Bank) or open a new one that supports ETP trading. - Search for the Ticker or ISIN
Enter “XRRL” (Xetra), “XRPL” (SIX), or paste the full ISIN to locate the correct listing. - Place Your Order
Specify the number of shares you wish to buy, review fees and execution terms, then confirm the trade.
Within minutes, you’ll have secure, regulated exposure to XRP — all within a tax-efficient, auditable framework.
👉 Start your journey into regulated crypto investing today.
Frequently Asked Questions (FAQ)
Q: Is the CoinShares XRP ETP safe?
A: Yes. It is 100% physically backed, held in cold storage with Komainu, and subject to daily proof-of-reserves audits.
Q: How is this different from buying XRP on an exchange?
A: The ETP eliminates self-custody risks and integrates with traditional brokerage accounts, offering greater security and convenience.
Q: Can I redeem my shares for actual XRP?
A: Redemption is generally available only to authorized participants and institutional investors.
Q: Are there ongoing fees?
A: The ETP has an annual management fee; check the latest KID or prospectus for exact figures.
Q: Is XRP considered a security?
A: Regulatory treatment varies by jurisdiction. In Europe, XRP is generally classified as a commodity-like asset.
Q: Where can I find official documents?
A: Factsheets, KIDs, prospectuses, and final terms are available directly through CoinShares’ official website.
Final Thoughts: A Smart Gateway to XRP Investment
For investors seeking regulated, secure, and transparent exposure to XRP, the CoinShares Physical XRP ETP stands out as a leading solution. Backed by real assets, listed on major exchanges, and designed with institutional rigor, it bridges the gap between traditional finance and digital innovation.
As global interest in digital assets grows — especially in efficient cross-border settlement solutions — products like this will play an increasingly vital role in modern portfolios.
Core Keywords: XRP crypto ETP, CoinShares XRP ETP, physically backed XRP, regulated crypto investment, XRP exposure, Ripple network asset, buy XRP through broker