HashKey Launches Asia's First XRP Tracker Fund With Ripple's Support

HashKey Capital, a leading digital asset investment firm based in Hong Kong, has launched the HashKey XRP Tracker Fund, the first investment fund in Asia designed to track the performance of XRP. This fund is set to provide institutional investors with a regulated and convenient way to gain exposure to XRP, mirroring the price of the cryptocurrency and offering options for cash subscriptions and monthly redemptions.

Ripple, the developer of XRP, has been named as the fund’s anchor investor, providing the initial investment and signaling a deeper collaboration between the two firms. This partnership aims to explore new investment products, cross-border DeFi solutions, and tokenization, including the potential launch of a money market fund on the XRP ledger. Vivien Wong, a partner at HashKey Capital, emphasized the opportunity to collaborate with Ripple on various investment products and solutions across cross-border payment solutions, decentralized finance, and enterprise blockchain adoption.

The XRP Tracker Fund is HashKey Capital’s third tracker fund, following the success of its Bitcoin and Ethereum ETF products. The firm has plans to convert the XRP Tracker Fund into an ETF within a two-year timeline, further expanding the investment options available to institutional investors in the region. This move is expected to bring more institutional capital into regulated XRP products and the broader digital asset ecosystem.

Hank Huang, CEO of Cronos Research, a crypto investment firm based in Asia, highlighted the significance of the XRP Tracker Fund launch. He noted that regulated and transparent products like Hashkey’s fund are crucial for institutional investors looking to enter the market. The combination of XRP’s proven use case in cross-border payments and HashKey’s robust infrastructure is set to drive meaningful capital inflows and wider acceptance of crypto assets in global finance.