Ripple's Chief Technology Officer, David Schwartz, has confirmed that the company can sell the rights to receive XRP tokens currently locked in its escrow accounts. This revelation came during a community discussion where questions were raised about how crypto data trackers report XRP’s circulating supply. Platforms like CoinMarketCap exclude XRP in Ripple’s escrow from circulation figures, unlike Bitcoin, which includes all mined coins, even those in Satoshi's wallet.
Schwartz clarified that while Ripple can sell the rights to these escrowed XRP or the accounts themselves, the tokens cannot enter circulation until their scheduled release. Currently, Ripple holds approximately 35 billion XRP in escrow, valued at around $92 billion. This has led to speculation that Ripple might sell these rights to institutional buyers or even transfer them to the U.S. government to establish an official XRP reserve. Meanwhile, Evernorth has announced plans to purchase $1 billion in XRP to create a reserve, although Ripple's escrow tokens have not been used for this purpose.
Ripple CTO Confirms Potential Sale of Rights to Escrowed XRP
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