HashKey Capital announced what it says is the first investment fund in Asia designed to track the performance of XRP, the digital asset used in Ripple's global payment infrastructure.
HashKey Capital, a leading digital asset investment firm, today announced the launch of the HashKey XRP Tracker Fund – the first investment fund in Asia focused on tracking the performance of XRP, the digital asset used in Ripple’s global payment infrastructure.
The new fund will be available to professional investors only and will provide them with an efficient way to gain exposure to XRP without having to manage the asset themselves. It will offer investors the ability to buy into the fund through cash and in-kind subscriptions, and will also provide monthly liquidity options.
Ripple, the enterprise blockchain solutions provider, will be an early investor in the HashKey XRP Tracker Fund. This investment further strengthens the strategic ties between the two companies, which already saw HashKey list Hong Kong-listed spot ETFs for bitcoin (BTC) and ether (ETH).
The company will continue to partner with Ripple on additional financial products, said Vivien Wong, a partner at HashKey Capital. One possibility includes tokenizing a money market fund on the XRP Ledger.
“We are always looking for new and innovative ways to bring best-in-class financial products to our investors,” said Wong. “We are excited to be launching the HashKey XRP Tracker Fund, which will provide investors with a unique and valuable investment opportunity.”
Fiona Murray, managing director, Asia-Pacific at Ripple, said the partnership with HashKey is part of a broader push to bring more regulated crypto products to institutions in the region.
“We are committed to working with leading financial institutions to develop innovative solutions that meet the evolving needs of the market,” said Murray. “We are excited to be expanding our partnership with HashKey to launch this new fund.”
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