Ishaan Narain News Today

The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks. The startup, called Receipts Depositary Corporation, or RDC, said it plans to issue the first Bitcoin depositary receipts to qualified global institutional investors in transactions exempt from registration under the Securities Act of 1933.

The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks.

BTC DRs will give institutions access to Bitcoin securities through US regulated market infrastructure and cleared through the Depository Trust Co.