Uphold , a cloud-based digital financial service platform, has come under the spotlight after on-chain data confirmed that it safeguards approximately 1.59 billion XRP. According to Uphold’s Chief Executive Officer (CEO), Simon McLoughlin, these tokens are fully owned by customers, not the exchange itself.

Uphold Clarifies Massive XRP Holdings

The crypto community was taken by surprise when data revealed that Uphold holds a staggering 1.59 billion XRP, valued at $4.81 billion based on current market value . The figure instantly placed the digital asset company among the largest custodians of XRP .

McLoughlin recently took to X social media to clarify and reassure the community about the ownership of the XRP reserve. He explained that the XRP attributed to Uphold bel

See Full Page