HashKey Capital Launches Asia's First XRP Tracker Fund

This fund offers a simpler way for professional investors to gain exposure to XRP without handling the technical side of crypto.

HashKey Capital, a prominent digital asset management firm in Asia, has made a significant move by unveiling Asia's first XRP Tracker Fund. This offering is designed to provide professional investors with a simpler way to gain exposure to XRP, the cryptocurrency developed by Ripple.

The fund will actively seek to replicate the performance of XRP, an asset renowned for its efficiency in facilitating rapid and cost-effective international transactions. This action is in alignment with HashKey Capital's broader goal of seamlessly connecting traditional finance (TradFi) with the burgeoning Web3 ecosystem.

“XRP stands out as one of the most innovative cryptocurrencies, attracting global enterprises like MoneyGram and smaller institutions to use it for transactions, tokenization, and storing value. We're seeing strong demand from institutions for an accessible XRP investment product,” said Vivien Wong, partner at HashKey Capital. “This new fund allows them to do so, as it's fully compliant with local regulations and provides the same level of transparency and governance that they're used to in TradFi.”

The XRP Tracker Fund will accept monthly subscriptions and redemptions, with options for cash or in-kind investments. It's benchmarked against CF Benchmark, a name recognized for its role in ETF products across the US and Asia-Pacific. This fund expands HashKey's existing portfolio, which includes the Bitcoin ETF (3008.HK) and Ethereum ETF (3009.HK), both launched in partnership with Bosera.

HashKey Capital and Ripple's collaboration on this venture marks the beginning of a broader partnership to develop unique investment products. Together, they plan to introduce innovative products that combine Ripple's expertise in cross-border payments, DeFi, and enterprise blockchain with HashKey Capital's deep understanding of the Asian markets and experience in managing institutional capital.