$XRPLedgerETF December 22, 2022


This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.

Basic information

Project name: $XRPLedgerETF
Currency: $XRPLedgerETF (245852504C656467657245544600000000000000)
Issuing account: raChAW5DVscGKimsCFLhHREpD86NsLF74Z
Distribution accounts: rwp6tkrzZvkWK6eERhHeVznjUazNbuC9js, ranEMigNUEiMj9erSBhiqwu2pVwsaetFBa

This is revision number 1, signed December 22, 2022 by rwp6tkrzZvkWK6eERhHeVznjUazNbuC9js

Description: XRPLedgerETF is a community-driven investment club with a focus on projects across multiple sectors in the XRPL ecosystem and some beyond. XRPLedgerETF attempts to use a tokenized investment club approach with centralized management to mitigate the risk of investing in XRPL tokens through diversification and active management. To incentivize the tokenized investment club members to hold the token, dividend payments will take place at the end of each month at an annual rate of 5%, and profit distributions paid in XRP will take place semi-annually on June 30th and December 31st. Both dividends and profit distributions will be paid out in equal proportion to all investors.

While we believe we are some of the best traders on the XRPL, we do not ask our token holders to take our word for it. A portfolio dashboard with active updates on the value and holding of the club wallet is easily accessible through our website. Additionally, we utilize a board of club members, comprised of both the project officers and our largest private holders. All current members of the board have been personally vetted by the team.

XRPLedgerETF is a highly speculative investment and not suitable for every investor.

Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

Our token is backed by a club-owned wallet and each holder is entitled to a proportional share. This club wallet will then distribute XRP at pre-determined dates every year. The actively managed "portfolio" wallet is easily viewable by anyone on our website as well as any of the XRPL web viewers such as Bithomp.

Monthly $XRPLedgerETF is paid to our holders at a proportional rate of 5% APY to incentivize longterm holding, as well as the bi-annual XRP distribution.

Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?

It serves as an intermediary for the tokenized club membership where individual investors can choose how much they would like to invest in the tokenized club's assets. This intermediary token allows easy flows of equity and XRP distribution.

Whitepaper/sales material: https://um8820.a2cdn1.secureserver.net/wp-content/uploads/2022/02/White_Paper-Consolidated_XRPLedgerETF-3.pdf

The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.

Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.

Bug bounty program: This is not applicable for this token.

Legal Entity

The self-assessment is made on behalf of a legal entity (for example the issuer is a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).

Website: https://xrpledgeretf.com/

Website information: The website should disclose the following information:
  • Details of the legal entity: official name and registry code, company headquarters mailing address
  • Contact information: e-mail and other contact information
  • Core team members
  • Whitepaper if available

The website does not contain relevant information.

Business plan: A business plan should entail:
  • the amount of revenue and expenditure by area of activity
  • obligations related to the issuing of the token
  • the technical administration of the company
  • operational strategy
  • the intended activities related to the token
  • general principles of risk management and strategy of risk management
  • policy for the financing of activities.

The issuer has developed a business plan for the next 3 years.

Risk assessment: A risk assessment should include identification of, assessment of impact and likelihood and mitigation measures and status of implementation for applicable risk scenarios.

The issuer has conducted risk assessment and implemented risk management activities.

Internal policies: Critical internal policies are necessary to manage risks.

The issuer has adopted and implemented appropriate internal policies and procedures in the areas of information security, business continuity, risk management and accounting.

Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.

The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).

Self-assessment revisions
Revision 1December 22, 2022