Uphold to Give XRP Holders Early Access to Uphold Vault

A US-based exchange announces a vault service with early access to XRP Holders, sparking speculation about listing Shib Leash on the platform.

In a recent tweet that garnered substantial engagement, Uphold, the prominent multi-asset digital money platform, announced an upcoming addition to its array of financial services, promising early access to XRP holders.

Specifically, Uphold revealed its plans to introduce Uphold Vault, an advanced assisted custody solution to bolster asset security and mitigate the risk of private key loss.

Coming soon: Uphold Vault 🔒

Uphold Vault is a state-of-the-art assisted custody solution, built to keep your assets secure & protect against private key loss.

With Vault, Uphold implements a multi-sig framework, in which Uphold holds one key & you hold the remaining two. Two… pic.twitter.com/yyfvT3ac8e

— Uphold (@UpholdInc) July 7, 2023

According to the update, Uphold Vault will operate using a state-of-the-art multi-sig framework. Under this framework, Uphold will retain one key, while users will hold the remaining two. The user-held keys will be required to authorize any transaction, enabling users to conduct independent operations even when Uphold’s system is inaccessible.

Early Access to XRP Enthusiasts

In an effort to reward its loyal community, Uphold plans to grant early access to Uphold Vault, specifically to XRP holders. This strategic move aims to strengthen Uphold’s long-standing relationship with XRP investors.

Uphold also expressed its intention to extend support for other networks and tokens, expanding the range of services available to its users.

Notably, the tweet garnered significant engagement from the crypto community. One Twitter user commended granting XRP holders early access, recognizing it as a wise move. In a playful tone, he wrote, “Wen moon?” referring to a potential surge in the value of XRP.

Another user brought attention to the imminent launch of crypto custody services by Nasdaq, a renowned financial exchange. He observed that Nasdaq and Uphold had recently engaged in a conversation on Twitter, prompting speculation about a potential connection between the two developments.

Will Uphold List Shiba Inu, Leash?

Shifting the focus, another comment inquired about potentially listing sensational cryptocurrencies such as Shiba Inu and Leash on the Uphold platform, highlighting the upcoming developments related to Shibarium.

“We don’t have any official word about this yet,” responded Uphold.