The 100-Year-Old Wall Street Tool Being Rebuilt For Crypto
Overview
RDC is in the process of reinventing Depositary Receipts specifically for Bitcoin, Ethereum, and Solana. This initiative aims to bridge these prominent crypto tokens into various financial instruments, including DTC, prime brokerage, ETFs, and ’40 Act funds.
What Happened
RDC’s efforts focus on modernizing a traditional financial tool—Depositary Receipts—for the cryptocurrency space. By adapting this century-old mechanism, RDC seeks to facilitate the integration of cryptocurrencies into established financial frameworks. This involves creating pathways for crypto tokens to be included in DTC (Depository Trust Company), prime brokerage services, exchange-traded funds (ETFs), and ’40 Act funds, which are regulated investment companies under the Investment Company Act of 1940.
The significance of this development lies in the potential for increased accessibility and legitimacy of cryptocurrencies within mainstream financial markets. As more traditional financial instruments begin to incorporate digital assets, it could pave the way for broader adoption and acceptance of cryptocurrencies among institutional investors.
Impact on the crypto market
- The integration of crypto tokens into established financial instruments could enhance their legitimacy.
- Increased accessibility to cryptocurrencies may attract institutional investors.
- The modernization of Depositary Receipts could lead to more innovative financial products involving digital assets.
- Bridging crypto with traditional finance may foster greater regulatory acceptance and oversight.
- This development could signal a shift in how cryptocurrencies are perceived within the broader financial ecosystem.
Updated: 11/20/2025, 5:20:19 PM
