HashKey Capital Launches Asia's First XRP Tracker Fund

HashKey Capital, a leading digital asset investment firm, has introduced the HashKey XRP Tracker Fund, the first investment fund in Asia designed to track the performance of XRP. This fund is backed by Ripple, a prominent blockchain technology company, and aims to bring more institutional capital into regulated XRP products and the broader digital asset ecosystem. The fund, which mirrors the price of XRP, allows investors to subscribe with cash and redeem their investments on a monthly basis, providing a regulated and potentially less complex avenue for investors to gain exposure to XRP.

The XRP Tracker Fund is HashKey Capital's third tracker fund, following the successful launch of its Bitcoin and Ethereum ETFs. The firm plans to convert the XRP Tracker Fund into an ETF within a two-year timeline. Ripple has committed to providing the initial funding for the tracker fund and will serve as an anchor investor, contributing a significant amount of cash. This partnership builds on the existing high-level collaborations between HashKey Capital and Ripple, with both entities exploring new investment products, tokenization, and decentralized finance (DeFi) solutions.

The choice of XRP as the third tracker fund in Asia was driven by its innovative functionalities in enabling efficient transactions beyond traditional alternatives. XRP's role in facilitating cross-border payments and its potential integration with SWIFT have garnered significant attention from global enterprises. Vivien Wong, a partner at HashKey Capital Liquid Funds, highlighted XRP's appeal, stating that it attracts global enterprises for transacting, tokenizing, and storing value.

As anticipation for an XRP ETF reaches new heights, the launch of the XRP Tracker Fund represents a major step in expanding institutional access to XRP. While a handful of XRP spot ETFs from top investment firms await approval by regulatory bodies, the successful launch of the XRP Tracker Fund signals a growing interest in regulated investment products tied to XRP. This development is expected to pave the way for further innovation and adoption of cryptocurrency-based investment vehicles in the region.

Hank Huang, CEO of Cronos Research, a crypto investment firm based in Asia, commented that the launch of the XRP Tracker Fund by HashKey Capital marks a pivotal moment for institutional adoption in the region. He noted that regulated and transparent products like Hashkey’s fund are what institutional investors need to enter the market. Huang also emphasized that XRP’s proven use case in cross-border payments, combined with HashKey’s robust infrastructure, sets the stage for meaningful capital inflows and wider acceptance of crypto assets in global finance.