Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 224

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 224
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ponsor Indemnified Party”: The
Sponsor and its shareholders, members, directors, officers, employees, affiliates and subsidiaries.

“Sponsor-paid Expense(s)”: Operating
expenses assumed by the Sponsor including the Marketing Fee, fees to the Administrator, fees to the XRP Custodian, fees to
the Transfer Agent, fees to the Trustee, the fees and expenses related to any future listing, trading or quotation of the Shares on any
listing exchange or quotation system (including legal, marketing and audit fees and expenses), ordinary course legal fees and expenses
but not litigation-related expenses, audit fees, regulatory fees, including, if applicable, any fees relating to the registration
of the Shares under the 1933 Act or Securities Exchange Act of 1934, as amended, printing and mailing costs, costs of
maintaining the Sponsor’s website and applicable license fees.

“SVB”: Silicon Valley Bank.

“Trade Credit”: XRP or cash the
Trust may borrow the Lender on a short-term basis to avoid having to pre-fund the Trust’s Trading Balance.

“Trading Balance”: A trading balance
maintained by the Prime Broker or a XRP Counterparty where portions of the Trust’s XRP temporarily may be held outside of cold
storage, including in circumstances in which it is necessary in connection with creations or redemptions of Baskets or to sell XRP to
pay Trust expenses.

“Trading Platform”: The Prime
Broker’s execution platform.

“Transaction Parties”: The Sponsor, the Trustee, the
XRP Custodian or any of their respective affiliates.

“Transfer Agent”: [●].

“Trust”: 21Shares XRP ETF.

“Trust Agreement”: Amended and
Restated Trust Agreement of 21Shares XRP ETF.

“Trustee”: CSC Delaware Trust Company,
a Delaware trust company.

“UNL”: Unique Node List.

“U.S. Treasury Department”: U.S. Department of the
Treasury.

“XRP”: A digital asset based on the
open-source protocol of the peer-to-peer XRP computer network.

“XRP Counterparty”: A designated third
party who is not an Authorized Participant but who may be an affiliate of an Authorized Participant, or the Prime Broker or Lender, as
applicable, with whom the Sponsor has entered into an agreement on behalf of the Trust, that will, acting as a counterparty, deliver,
receive or convert to U.S. dollars the XRP related to the Authorized Participant’s creation or redemption