HashKey Capital Launches Asia’s First XRP Tracker Fund

HashKey Capital has introduced Asia’s first XRP Tracker Fund, a product designed to provide institutional-grade exposure to XRP without the need for direct asset ownership, custody, or trading. This development marks a significant advancement in the accessibility of regulated investment vehicles centered on XRP, the third-largest cryptocurrency by market capitalization. The fund aims to mirror the market performance of XRP and is tailored for professional investors seeking a regulated means of entering the XRP market. It allows monthly subscriptions and redemptions through cash and in-kind contributions, making it a strategic first in Asia.

Ripple, as an early investor in the fund, plays a key role in this launch. The collaboration between Ripple and HashKey Capital extends beyond this initial product, including plans to jointly develop additional blockchain-based investment products and decentralized finance (DeFi) solutions for cross-border applications. Both companies are also exploring the tokenization of real-world assets (RWAs) on the XRP Ledger. Potential developments under review include the launch of a money market fund (MMF) directly on the XRP Ledger, indicating a growing interest in integrating traditional financial instruments within blockchain ecosystems.

The rationale for focusing on XRP in this new tracker fund is grounded in the token’s established position in the cross-border payments sector. XRP is widely recognized for enabling more efficient, faster, and less costly transactions than conventional international payment systems. In addition to its payments use case, XRP and the XRP Ledger have increasingly been employed for the tokenization of RWAs and enterprise blockchain deployments. By creating a product that removes many of the technical and regulatory complexities associated with direct digital asset holdings, HashKey Capital is positioning the XRP Tracker Fund as a gateway for institutional participants to enter the digital asset space via XRP.

The fund may also serve as a foundation for more expansive offerings in the future. HashKey Capital indicated that, subject to regulatory approval, the XRP Tracker Fund could evolve into an exchange-traded fund (ETF) within the next one to two years. Such a development would likely further accelerate institutional adoption of XRP by offering enhanced liquidity and broader market participation. The launch of the XRP Tracker Fund by HashKey Capital, with Ripple as an anchor investor, represents a deliberate and strategic push to bring more institutional capital into the XRP ecosystem. With plans to explore additional investment vehicles and tokenization efforts, both companies are aligning their long-term objectives around regulated digital asset access. For investors interested in participating, HashKey Capital has made the fund available for monthly entry and exit, and inquiries can be directed to liquidfunds@hashkey.com.