XRP has a massive dark horse behind it and we have to talk about this. So, right off the rip, let's actually address a few things. Number one, let's go back to February 9th where Generation Infiniti posted an XRP innovation spotlight.Now, this is regarding XRP community day. Now, this just went through, this is actually happening today. Uh, so this is on February 11th, and this is with a few players around the XRP community.Obviously, the main one that we are looking at here is Evernorth. Evernorth is a mas ...

Market Trends - US SOL and XRP ETFs outperformed BTC and ETH ETFs in fund inflows [1] Institutional Products & Partnerships - Crypto.com, Figment, and OpenTrade are set to offer an institutional high yield product [1] - VerifiedX is partnering with Crypto.com for institutional custody [1]

Core Insights - Digital Ascension is a firm that provides comprehensive private client services for cryptocurrency, including estate planning, taxes, accounting, and wealth management, all in a regulated manner [1][2] - The firm has rapidly grown from zero to managing $1 billion in crypto assets within a year, serving 10 families and approximately 1,500 clients with portfolio values between $500,000 and $5 million [2][6] - There is a significant advisory gap in the traditional wealth management space for cryptocurrency holders, which Digital Ascension aims to fill [2][10] Company Overview - Digital Ascension was founded after the CEO identified a lack of wealth management advice for crypto holders while seeking guidance for his own crypto investments [3][2] - The firm partners with Anchorage for institutional custody, ensuring that clients' assets are securely managed and insured [7][8] - The structure of custody allows clients to maintain ownership of their assets while providing additional assurances typical of institutional services [8][9] Client Demographics - The firm primarily engages with second- or third-generation family office members who are more familiar with digital assets and often educate their elders about cryptocurrency [11][12] - Clients typically start with smaller investments in digital assets, often less than 1% of their total portfolio, to test the waters [14] Market Trends - The global population of crypto millionaires has increased by 40% from the previous year, indicating a growing wealth concentration in the cryptocurrency space [9] - A survey by Avaloq highlights that traditional wealth management firms are under pressure to adapt and provide services for digital assets, with 63% of ultra-rich investors in the UAE considering switching managers [10] Investment Strategy - Digital Ascension assists clients in making significant allocations to various cryptocurrencies and offers continuity plans for those with existing cold wallets [15] - The firm emphasizes the importance of structured asset management as clients' investments grow, particularly when dealing with substantial amounts of capital [16]

🇰🇷 LATEST: South Korea’s BDACS launches institutional custody for $XRP via Ripple Custody. https://t.co/uN8qLpV8ff ...