Former Citigroup executive-led startup RDC plans to offer bitcoin-backed securities without SEC approval, potentially opening a new avenue for institutional bitcoin investments.
Innovation in Bitcoin Access
RDC proposes to offer bitcoin depositary receipts in transactions exempt from Securities Act of 1933 registration, allowing them to circumvent regulatory requirements.
New Opportunities
RDC’s innovative bitcoin investment approach is broadening opportunities for institutional investors, paving the way for greater acceptance and adoption of cryptocurrencies in traditional financial circles. This initiative challenges the status quo and opens a new chapter in crypto investments history.