XRP holders continue to receive public support from Uphold’s leadership, as CEO Simon McLoughlin reaffirms that the exchange’s XRP reserves are the property of its customers, and not the company’s own assets.

Illustrative image showing XRP reserves held in digital wallets for exchange users.

Uphold Defends User Ownership of XRP

Speaking about Uphold’s stance toward XRP amid ongoing regulatory uncertainties, Simon McLoughlin emphasized that the digital assets on the platform, including XRP, are held in custodial trust for users. He stressed that Uphold’s XRP reserves should not be mistaken as the company’s holdings.

“These assets belong entirely to our customers,” McLoughlin said. “Uphold’s role is purely that of a custodian, ensuring users have full access to the XRP tokens they own.”

Built on Customer Trust, Not Speculation

McLoughlin highlighted the loyalty of XRP holders who continue to use Uphold for their transactions and storage, even as other platforms distanced themselves from XRP during regulatory proceedings. He noted that the presence of XRP holders on the platform is not due to promotional tactics or speculative frenzy, but rather due to an earned reputation for reliability.

“Uphold didn’t fuel hype—we earned customer confidence through transparency and service integrity,” he explained. “That’s what makes the XRP community’s presence on Uphold so meaningful.”

Why This Position Matters in the Crypto Landscape

The CEO’s remarks come as custodial exchanges face increased scrutiny regarding how user-held assets are managed and represented on balance sheets. By reiterating that XRP held on the platform is not part of Uphold’s corporate reserves, McLoughlin sends a clear message to regulators and users alike about accountability and ethical management practices.

This transparency also serves to differentiate Uphold from competitors that may blur the lines between user funds and operational holdings. The statement builds on Uphold’s previous public affirmations supporting XRP, particularly during times when the digital asset’s future faced uncertainty.

Continued Support Amid Regulatory Debates

Uphold has consistently maintained support for XRP, despite the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission. While many exchanges chose to delist the asset as a precaution, Uphold kept XRP available, citing a belief in fair regulatory process and user interest.

McLoughlin’s latest comments reinforce Uphold’s unique position in supporting XRP holders, demonstrating the platform’s long-term commitment to user-focused service. This assurance is especially significant now, as the broader crypto ecosystem navigates challenges around custody, regulation, and trust.

Related: XRP Price: $12M Max Pain for Bears

For more information on the company’s stance, visit the original announcement.