A tokenized claim on a managed pool of Valereum and XRP, held in a 70/30 USD-weight basket and issued by QGP SPC. Each token's value reflects the pool's net asset value divided by outstanding supply.
VRUXP is a Multi-Purpose Token on the XRP Ledger representing a proportional claim on a managed off-chain pool of Valereum and XRP, maintained at a 70/30 USD-weight ratio. Each token's value is established by the pool's net asset value divided by outstanding tokens. An automated market-making program maintains the tradeable price near this per-share value.
Each token represents a proportional claim on the pool, comparable to an open-end fund unit. At initial sizing one token represents approximately $70 of Valereum exposure and $30 of XRP exposure. Value moves with the underlying basket.
The pool targets a 70% Valereum and 30% XRP weighting by USD value. Composition drifts as prices move. The custodian rebalances on a weekly schedule to restore target weights.
The target trading value is the pool's net asset value divided by outstanding tokens. As basket value moves, the target moves with it. The market-making program maintains the tradeable price near this target.
An automated program trades against the public VRUXP/XRP liquidity pool to maintain the tradeable price near the current per-share NAV. It holds both VRUXP and XRP reserves and operates passively, acting only when the price breaches tolerance.
Protocol-level compliance through XRPL MPT: token-level holder authorization, freeze, clawback, and native escrow. Same institutional flag set as VLTN+, issued from the same QGP SPC account.
Tokenized pool share with protocol-enforced compliance and transparent basket backing.
The off-chain pool holds Valereum and XRP in a 70/30 USD-weight basket. Self-custodied by the SPV in the initial version. Formal third-party custody is a planned upgrade.
| Asset | Type | Target Weight | Initial Allocation |
|---|---|---|---|
| Valereum | Digital asset (shares) | 70% | ~$7.0M |
| XRP | Digital asset (on-chain) | 30% | ~$3.0M |
VRUXP has two independent operations: the custodian rebalances the off-chain basket on a schedule, and an automated program maintains the on-chain tradeable price near per-share NAV.
Restores the Valereum/XRP basket to 70/30 USD weight on a weekly schedule, or sooner if weights drift significantly. Moves real assets held in the SPV. The official audit snapshots reserves, weights, and per-share NAV on a published schedule. Pool rebalancing does not change the token count and affects per-share NAV through changes in pool composition.
Maintains the tradeable token price near the current per-share NAV in the public VRUXP/XRP liquidity pool. The program trades against the pool from a dedicated wallet holding both VRUXP and XRP reserves. It operates passively, quoting within a tolerance band and acting only when the price breaches tolerance. Price stabilization does not change the token count or per-share NAV; it affects the tradeable price around NAV.
Per-share value is pool net asset value divided by outstanding tokens. The target moves with the basket.
An automated program maintains the tradeable price near per-share NAV.
Issued under a segregated portfolio of QGP SPC. Self-custody in the initial version.
VRUXP is issued under a segregated portfolio of the existing Cayman Islands Segregated Portfolio Company (registration CR-416223) that also issues VCORE and VLTN+. Each token class sits in its own legally and financially separated portfolio. The structure permits elevation to a dedicated SPV in a future version.
For the initial deployment, the SPV wallet self-custodies the on-chain XRP leg. Valereum holdings are recorded off-chain in the pool manifest. This matches the established off-chain pool, on-chain token pattern used for VLTN+.
A future version will introduce formal third-party custody for the Valereum leg and periodic independent audits. The specification is written so this is a custody-section replacement with no structural change to the token, the pool, or the program.
Gold-backed digital token on XRPL with 4.4% APY in XRP. Backed by 8.4M oz JORC-certified gold reserves and vaulted physical gold.
Yield-bearing debt token on XRPL. $1,000 par value, 4.4% coupon paid monthly in XRP, backed by a managed pool of sovereign and investment-grade debt instruments.