Gratus Reserve V, LLC has filed a preliminary offering circular with the SEC for a $75 million corporate treasury built around XRP and other ISO 20022-aligned tokens. The fund argues institutional XRP purchases cost far less than retail ones, and it wants to open that strategy to everyday investors through a Regulation A structure.
Gratus Reserve V, LLC has filed a preliminary offering circular (Form 1-A) with the U.S. Securities and Exchange Commission to register a diversified corporate treasury targeting $75 million in capital. The filing's central argument rests on a cost comparison built around XRP.
Institutional XRP costs a fraction of retail rates
According to the company, purchasing $5,000 worth of XRP through institutional over-the-counter desks costs investors nearly 10 times less than executing the same trade on the retail market. Gratus Reserve V attributes the gap to direct access to liquidity pools, which removes hidden spreads, higher brokerage fees, and price slippage that retail platforms carry.
Beyond XRP, the fund's treasury strategy folds in assets aligned with the ISO 20022 international standard for interbank messaging: Stellar, Cardano, Hedera, and Quant. To balance out the portfolio's infrastructure exposure, Gratus Reserve V also plans to acquire Bitcoin, Ethereum, and Solana, the three largest digital assets by market capitalization.
A shift in how corporate treasuries are built
The filing reflects a broader change in Digital Asset Treasury Holdings strategy. Companies concentrated on Bitcoin during the first wave of corporate crypto adoption, but by September 2026 the focus had shifted toward high-throughput layer-1 networks and protocols built to interoperate with traditional banking. The SEC filing also coincided with a trend this year toward long-term accumulation of XRP and leading altcoins among large on-chain addresses.
Still awaiting SEC approval
The filing remains preliminary and is under regulatory review, so Gratus Reserve V is not yet permitted to raise funds or sell shares to investors. The company chose the Regulation A (Tier 2) format, a structure that, if approved, would let it open this institutional strategy to retail investors rather than restrict it to large players.
That access comes with a condition: the fund will have to regularly publish audited financial statements, putting its altcoin operations under direct government oversight.
Source: U.S. Securities and Exchange Commission
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