Crypto pundit Vincent Van Code has explained why companies shouldn’t custody their XRP holdings amid the rise in treasury companies. As part of his comments, he advocated that these companies gain the token exposure to ETFs and other regulated wrappers rather than holding the coins.

Pundit Explains Why Companies Should Avoid XRP Custody

In an X post , Vincent Van Code stated that companies accidentally turn themselves into a bank, security firm, and a regulated financial institution overnight, the moment they decide to self-custody their XRP . He further remarked that the bill for this mistake is “massive,” as it has some repercussions.

The crypto pundit noted that most companies think that holding their own crypto tokens is the same as holding cash in a bank acc

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