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Uphold CEO Affirms XRP Reserves Are Customer Assets

Simon McLoughlin states that the exchange’s XRP holdings are fully owned by customers and maintained under a trust-based framework rather than speculation.

XRP

Summary

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Terms & Concepts
  • XRP: A digital asset created by Ripple Labs, primarily used for fast and low-cost cross-border payments.
  • Crypto Reserves: Digital asset holdings maintained by an exchange to meet customer withdrawal demands and ensure solvency.
  • Customer Asset Segregation: A practice where client funds are kept separate from the company’s own assets, ensuring customer ownership and protection.