Company: TOXR
Filing Date: 2025-12-08
Form Type: S-1/A
Source: 0001213900-25-118924
Chunk: 17

Company: 21Shares XRP ETF
Filing Date: 2025-12-08
Form: S-1/A
Chunk 17
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 (the “Trust Agreement”). CSC Delaware Trust Company,
a Delaware trust company, is the Delaware trustee of the Trust (the “Trustee”). The Trust is managed and controlled by the
Sponsor. The Sponsor is a limited liability company formed in the state of Delaware on June 16, 2021.

The Trust’s Service Providers

The Sponsor

The Sponsor, 21Shares US LLC,
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 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 Trustee

The Trustee, CSC Delaware
Trust Company, a Delaware trust company, acts as the trustee of the Trust as required to create a Delaware statutory trust in accordance
with the Trust’s Declaration of Trust and the DSTA.

The Administrator

The Bank of New York Mellon
serves as the Trust’s administrator (the “Administrator”). The Administrator’s principal address is 240 Greenwich
Street, New York, New York 10286. Under the Fund Administration and Accounting Agreement, the Administrator provides necessary administrative,
tax and accounting services and financial reporting for the maintenance and operations of the Trust, including valuing the Trust’s
XRP and calculating the NAV, NAV per Share, Principal Market NAV and Principal Market NAV per Share and supplying pricing information
to the Sponsor for the Sponsor’s website. In addition, the Administrator makes available the office space, equipment, personnel
and facilities required to provide such services.

The Transfer Agent

The Bank of New York Mellon
serves as the transfer agent for the Trust (the “Transfer Agent”). The Transfer Agent: (1) facilitates the issuance
and redemption of Shares of the Trust; (2) responds to correspondence by Trust Shareholders and others relating to its duties; (3) maintains
Shareholder accounts; and (4) makes periodic reports to the Trust.

The Cash Custodian

The Bank of New York Mellon
acts as custodian of the Trust’s cash and cash equivalents (the “Cash Custodian”). Pursuant to a cash custody agreement
entered into with the Trust (the “Cash Custody Agreement”), the Cash Custodian will establish and maintain cash account(s) for
the Trust, and, upon instructions from the Sponsor acting on behalf of the Trust, facilitate cash transfers and cash payments from