Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 165

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 165
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 otherwise known
to them.

<div align='center'>76

THE TRUST’S SERVICE PROVIDERS</div>

The Sponsor

The Sponsor arranged for the
creation of the Trust and is responsible for the ongoing registration of the Shares for their public offering in the United States
and the listing of Shares on the Exchange. The Sponsor will not exercise day-to-day oversight over the Trustee, the XRP Custodian,
or the Benchmark Provider. The Sponsor will develop a marketing plan for the Trust, will prepare marketing materials regarding the Shares
of the Trust, and will exercise the marketing plan of the Trust on an ongoing basis.

The Sponsor is a wholly-owned
subsidiary of 21co Holdings Limited (formerly known as Amun Holdings Limited). The ultimate parent company of 21co Holdings Limited is
FalconX. At present, the respective primary business activities of 21co Holdings Limited and FalconX are, with respect to 21co Holdings
Limited, providing exchange traded products and technology services in the digital asset space through its subsidiaries and, with respect
to FalconX, providing comprehensive access to global digital asset liquidity and a full range of trading services (including through
its affiliates).

21Shares
AG, an affiliate of the Sponsor, has considerable experience issuing and operating exchange-traded
products that provide exposure to digital assets, operating such exchange-traded products
since 2018. As of December 1, 2025, 21Shares AG oversees approximately $7.91 billion
in assets under management and 60 digital asset-related exchange-traded products across various
jurisdictions. Although the Sponsor is a relatively new entity within the broader structure
of 21Shares AG and its affiliates (collectively, the “21Shares Group”), the Sponsor
utilizes a similar management team that the 21Shares Group has used in issuing and operating
these exchange-traded products. Since January 2024, July 2024 and June 2024, the Sponsor
has served as sponsor to Ark 21Shares Bitcoin ETF, 21Shares Ethereum ETF and 21Shares Solana
ETF, each an exchange-traded product registered under the 1933 Act and which provide exposure
to spot bitcoin and trades, spot Ethereum and trades and spot Solana and trades, and which
trade on the Exchange under the symbols “ARKB”, “TETH”, and “TSOL”,
respectively. The Sponsor also serves as sponsor to the following entities: (i) 21Shares
Polkad