U.S. asset manager Gratus Reserve V has begun the process of registering a $75 million fund to offer retail investors an institutional-style digital asset strategy that includes XRP. It filed preliminary offering documents with the U.S. Securities and Exchange Commission to register a decentralised corporate treasury portfolio. The firm highlighted lower XRP trading costs via institutional OTC desks and plans to include ISO 20022-aligned assets as well as bitcoin, ether and solana.

Six online investment-linked lending firms that participate in financial institution-linked investments said separate standards are needed as major conglomerates and large financial platforms and institutions prepare to enter the sector. They said conflicts of interest and distorted competition could arise, especially if a powerful group runs both loan comparison and brokerage services and online lending. They also said current caps and approval procedures limit new funding, risking intensified competition for limited resources.