HashKey Capital Launches the HashKey XRP Tracker Fund, the First Investment Fund in Asia to Focus Solely on XRP.

The fund has been established specifically for experienced investors. Professional investors can access XRP through this fund despite not needing to

HashKey Capital has officially launched the HashKey XRP Tracker Fund, the first investment fund in Asia to focus solely on XRP. This new development brings digital assets to a new level of accessible investment opportunities with proper regulations.

The fund, which is open to sophisticated investors, allows professional investors to access XRP without needing to handle cryptocurrency management tasks. The tracking fund tracks the performance of XRP, which is ranked among the three top cryptocurrencies in the world, after Bitcoin and Ethereum.

XRP is known for its role in facilitating rapid and low-cost international money transfers. Financial institutions and banks use XRP in their cross-border transaction solutions, providing swift transfers with significantly reduced expenses compared to traditional methods. This fund allows HashKey Capital to further its aim of connecting Web3 with traditional finance (TradiFi).

“XRP is one of the leading innovative cryptocurrencies in the global market today,” said Partner of Liquid Funds at HashKey Capital, Vivien Wong.

“It is used by global enterprises for transactional purposes, asset tokenization and serves as a store of value. The fund provides simpler and more efficient ways for people to invest in XRP.”

Investors can subscribe or redeem shares in the XRP Tracker Fund each monthly period. The fund accepts both cash investments and investments through in-kind subscription methods. CF Benchmarks is the benchmarking company for the fund and has previously launched crypto ETFs in the U.S. and Asia-Pacific markets.

HashKey Capital has now established its third fund within this particular tracker series. The company had previously partnered with Bosera to establish Bitcoin (3008.HK) ETFs and Ethereum (3009.HK) ETFs.

This XRP fund marks the beginning of a strategic partnership between Ripple and HashKey Capital, serving as their first joint venture. With investment in this fund, Ripple confirms its commitment to supporting the alliance between the two companies.

The partnership will combine HashKey Capital’s expertise in asset management with Ripple’s deep knowledge of blockchain technology and payments. This partnership is expected to open up new possibilities for DeFi solutions and enterprise blockchain deployment.

Wong revealed plans to tokenize a money market fund MMF on the XRP Ledger later this year. The partners are also committed to extending their blockchain-based product line beyond this particular fund.

This financial fund represents a crucial step for Ripple in introducing standardized crypto investment products in the Asian markets.

“Institutional investors need regulated crypto products,” said Fiona Murray, Managing Director, APAC at Ripple.

This development also signals Asia’s rising role in crypto and blockchain technology.

The HashKey XRP Tracker Fund marks a significant achievement that fundamentally advances Asian digital asset trading. It enables regulated XRP trading through deepened partnerships between leading crypto industry participants.

As digital assets grow in popularity and demand, innovations like this one are likely to reshape the future of finance in Asia and beyond.