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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.
A group of former Citigroup Inc. executives, along with Franklin Templeton, BTIG, and Broadhaven Ventures, are set to offer securities backed by Bitcoin that…
BTC DRs will give institutions access to Bitcoin securities through US regulated market infrastructure and cleared through the Depository Trust Co.
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