The ETF allows investors to gain exposure to XRP without directly holding the token or managing private keys, offering a simpler way to invest in the asset.
XRP's price rose nearly 8% in the 24 hours following the announcement, outperforming Bitcoin.
Purpose Investments has received regulatory approval
to launch a spot XRP exchange-traded fund (ETF) in Canada, with trading
scheduled to begin on June 18 on the Toronto Stock Exchange (TSX). The fund, listed under the ticker XRPP, will provide
direct exposure to XRP through a regulated investment vehicle.
The Ontario Securities Commission (OSC) granted the
final prospectus receipt for the fund, Purpose announced Monday. The ETF will
offer units in CAD-hedged, CAD non-hedged, and USD formats, and will be
eligible for registered investment accounts such as TFSAs and RRSPs.
XRP Price Rises Following Approval
The launch follows Purpose’s earlier introduction of
the world’s first spot bitcoin ETF in Canada in 2021. XRP’s price rose nearly 7% in the 24 hours following
the announcement, outperforming Bitcoin. The move
reflects investor optimism around regulated access to the token, which remains
one of the most traded digital assets by volume globally.
The ETF provides investors with a way to gain exposure
to XRP, the native token of the XRP Ledger, without needing to directly hold
the asset or manage private keys.
“The OSC’s granting of a receipt for the Purpose XRP ETF
prospectus reinforces Canada’s global leadership in building a regulated
digital asset ecosystem,” said Vlad Tasevski, Chief Innovation Officer at
Purpose Investments.
Vlad Tasevski, Source: LinkedIn
“We’re proud to continue pushing the boundaries of what’s
possible in the space by offering investors simple, secure access to the
infrastructure powering real-world blockchain adoption.”
Canada remains ahead of other major jurisdictions,
including the United States, in approving spot cryptocurrency ETFs. While U.S.
regulators have yet to approve a spot XRP product, Canada continues to expand
its regulated offerings in the digital asset space.
ETF Offers Access to Cross-Border Payment Token
XRP is designed to support low-cost, fast cross-border
payments through its decentralized ledger system. With the Purpose ETF,
Canadian investors will have simplified access to XRP through traditional
investment channels, further integrating digital assets into mainstream
portfolios.
The fund will begin trading on the TSX this Wednesday,
marking a new milestone in the growth of crypto-linked investment products in
regulated markets.
Purpose Investments has received regulatory approval
to launch a spot XRP exchange-traded fund (ETF) in Canada, with trading
scheduled to begin on June 18 on the Toronto Stock Exchange (TSX). The fund, listed under the ticker XRPP, will provide
direct exposure to XRP through a regulated investment vehicle.
The Ontario Securities Commission (OSC) granted the
final prospectus receipt for the fund, Purpose announced Monday. The ETF will
offer units in CAD-hedged, CAD non-hedged, and USD formats, and will be
eligible for registered investment accounts such as TFSAs and RRSPs.
XRP Price Rises Following Approval
The launch follows Purpose’s earlier introduction of
the world’s first spot bitcoin ETF in Canada in 2021. XRP’s price rose nearly 7% in the 24 hours following
the announcement, outperforming Bitcoin. The move
reflects investor optimism around regulated access to the token, which remains
one of the most traded digital assets by volume globally.
The ETF provides investors with a way to gain exposure
to XRP, the native token of the XRP Ledger, without needing to directly hold
the asset or manage private keys.
“The OSC’s granting of a receipt for the Purpose XRP ETF
prospectus reinforces Canada’s global leadership in building a regulated
digital asset ecosystem,” said Vlad Tasevski, Chief Innovation Officer at
Purpose Investments.
Vlad Tasevski, Source: LinkedIn
“We’re proud to continue pushing the boundaries of what’s
possible in the space by offering investors simple, secure access to the
infrastructure powering real-world blockchain adoption.”
Canada remains ahead of other major jurisdictions,
including the United States, in approving spot cryptocurrency ETFs. While U.S.
regulators have yet to approve a spot XRP product, Canada continues to expand
its regulated offerings in the digital asset space.
ETF Offers Access to Cross-Border Payment Token
XRP is designed to support low-cost, fast cross-border
payments through its decentralized ledger system. With the Purpose ETF,
Canadian investors will have simplified access to XRP through traditional
investment channels, further integrating digital assets into mainstream
portfolios.
The fund will begin trading on the TSX this Wednesday,
marking a new milestone in the growth of crypto-linked investment products in
regulated markets.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
After Returning Billions Last Year, FTX Starts Another Creditor Payout Round
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
