HashKey Capital Launches Asia’s First Regulated XRP Tracker Fund

HashKey Capital has launched Asia’s first regulated XRP Tracker Fund, marking a significant milestone in the institutional adoption of digital assets in the region. The fund, backed by Ripple, provides professional investors with a controlled vehicle to gain exposure to XRP without the need for direct token ownership. This move underscores the growing regulatory momentum and institutional appetite for crypto investment products in Asia.

The HashKey XRP Tracker Fund is designed to offer institutional-grade exposure to XRP, catering to the demand for investment opportunities in top-tier digital assets. Unlike traditional ETFs, the fund allows monthly subscriptions and redemptions through both cash and in-kind options. It is benchmarked by CF Benchmarks, a leading crypto index provider with experience launching ETFs in the U.S. and APAC.

Vivien Wong, Partner of Liquid Funds at HashKey Capital, highlighted the fund's significance, stating, “With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets.” This fund follows the launch of HashKey Capital’s Bitcoin ETF and Ethereum ETF in partnership with Bosera, forming a trio of regulated products designed to meet the growing institutional appetite for crypto exposure across Asia.

XRP, known for its application in cross-border finance, offers rapid settlement, low transaction costs, and interoperability across financial institutions. Banks and remittance companies worldwide have already adopted RippleNet and the XRP Ledger. HashKey Capital also underscored XRP’s usefulness for real-world asset (RWA) tokenization, a trend gaining traction in the financial sector. These features make XRP particularly attractive for companies looking to diversify into digital assets without compromising efficiency or legal compliance.

The launch of the XRP Tracker Fund aligns with broader market trends. Earlier this year, HashKey Group and Bosera received approval to introduce tokenized money-market ETFs in Hong Kong—the first of their kind globally. As a tracker fund, the XRP offering is valued once per day, providing a more stable structure for long-term investors. However, HashKey Capital has indicated that with additional regulatory approval, this tracker fund could evolve into a fully tradable ETF within the next 12 to 24 months.

The fund represents the first step in a wider collaboration between Ripple and HashKey Capital. Both companies plan to explore additional digital asset investment products, DeFi infrastructure for cross-border transactions, and enterprise solutions for tokenization. Fiona Murray, Managing Director of APAC at Ripple, noted, “Institutional investors are eager to access regulated products around the world. This fund delivers that in the Asia-Pacific region, and we’re excited to partner with HashKey Capital to support this growing demand.”

The launch of the XRP Tracker Fund reinforces Asia’s growing role in global crypto finance. With Hong Kong embracing regulatory clarity and other markets also advancing digital asset frameworks, institutions are showing increased confidence in entering the space. This development signals a significant step forward in the institutional adoption of digital assets in the region, paving the way for future innovations and collaborations in the crypto space.