Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 259

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 259
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 Hardware Security Modules.

“ICO”: An initial coin offering.

<div align='center'>A-3</div>

“IIV”: Intraday indicative value.

“Incidental Rights”: Rights to acquire,
or otherwise establish dominion and control over, any virtual currency or other asset or right, which rights are incident to the Trust’s
ownership of XRP and arise without any action of the Trust, or of the Sponsor on behalf of the Trust.

“Indemnified Person”: The Trustee or any officer, affiliate,
director, employee, or agent of the Trustee.

“Indirect Participants”: Banks, brokers,
dealers and trust companies that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.

“Initial Seed Creation Baskets”: The initial seed creation
baskets comprising of 20,000 Shares.

“Initial Seed Creation Investor”: 21Shares US LLC.

“IRAs”: Individual retirement accounts.

“IRS”: U.S. Internal Revenue
Service.

“IR Virtual Currency”: Virtual currency
tokens, or other assets or rights, acquired by the Trust through the exercise (subject to the applicable provisions of the Trust Agreement)
of any Incidental Right.

“JOBS Act”: The Jumpstart Our
Business Startups Act of 2012.

“Kraken”: Payward, Inc. (d/b/a “Kraken”).

“KYT”: Know-Your-Transaction.

“Lender”: Coinbase Credit, Inc.

“Liquidating Trustee”: Such person
as the majority in interest of the beneficial owners of the Trust may propose and approve that shall take full charge of the property
of the Trust.

“Marketing Agent”: Foreside Global
Services, LLC.

“Marketing Fee”: The fee payable
to the Marketing Agent for services it provides to the Trust.

“McHenry Bill”: The Clarity for Payment
Stablecoins Act of 2023, as introduced by House Finance Committee Chair Patrick McHenry which would make it unlawful for any
entity other than a permitted payment stablecoin issuer to issue a payment stablecoin.

“MPC”: Multi-Party Computation.

“Mutually Capped Liabilities”:
Third-party claims and losses to the extent arising out of or relating to, among others, the Coinbase Custodian’s gross negligence,
violation of its confidentiality, data protection and/or information security obligations, or violation of any law, rule or regulation
with respect to the provision of its services.

“NAV”: Net asset value of the