HashKey Capital launched the HashKey XRP Tracker Fund, Asia’s first investment fund tracking XRP. Backed by Ripple as the anchor investor, this fund targets professional investors, offering exposure to XRP without direct ownership. This collaboration marks a significant step in expanding institutional crypto adoption in Asia, leveraging Ripple’s expertise and HashKey’s regional influence.
Today, HashKey Capital unveiled the HashKey XRP Tracker Fund, an initiative designed to track the performance of XRP. As the first such fund in Asia, it provides professional investors with a regulated, accessible way to access XRP without direct ownership, such as managing crypto wallets or navigating volatile exchanges. Investors can subscribe through cash or in-kind contributions and redeem shares monthly, ensuring flexibility and liquidity.
Learn more: How to Buy XRP in 5 Easy Steps
Ripple, a key player in blockchain-based payment solutions, is seeding the fund as its anchor investor, signaling strong confidence in XRP’s potential. According to The Block, this partnership is the first of many planned collaborations between HashKey Capital and Ripple. Vivien Wong, Partner at HashKey Capital’s Liquid Funds, emphasized XRP’s innovative role, noting its appeal to global enterprises for transactions, tokenization, and value storage.
“With this fund, we simplify access to XRP, meeting the growing demand for top-tier digital assets,” Wong stated.
Strategic Collaboration Between Ripple and Hashkey Capital
The HashKey XRP Tracker Fund is a pivotal move in bridging traditional finance and crypto in Asia. HashKey Capital oversees a suite of digital asset products, including BTC and ETH ETFs on the Hong Kong Stock Exchange. The XRP Tracker Fund, its third tracker fund, leverages HashKey’s extensive network of financial institutions, regulators, and investors to amplify Ripple’s reach in the region.
In return, Ripple brings its expertise. This experience includes cross-border payments, decentralized finance (DeFi), and enterprise blockchain adoption, paving the way for future joint ventures.
Read more: Bullish Signal for XRP and Ripple
The collaboration aligns with Asia’s growing crypto traction. By offering a regulated product, the fund addresses the needs of investors wary of direct crypto exposure, fostering broader adoption.
XRP’s Market Potential and ETF Prospects
XRP’s $121 billion market cap underscores its prominence, trailing only Bitcoin and Ethereum. Its utility in facilitating fast, low-cost international transactions has made it a favorite among enterprises and financial institutions.
The launch of the HashKey XRP Tracker Fund comes amid heightened anticipation for spot XRP exchange-traded funds (ETFs) in the U.S., where firms like Grayscale are vying for approval. Standard Chartered predicts a U.S. XRP ETF could attract $8 billion in inflows within its first year, with the SEC expected to respond to Grayscale’s filing by May 22, 2025.
The HashKey fund places Asia at the forefront of the institutional crypto space, providing a competitive advantage. Its structure caters to professional investors seeking diversified portfolios, while Ripple’s involvement ensures credibility and strategic alignment.
The HashKey XRP Tracker Fund, backed by Ripple, marks a transformative moment for crypto investment in Asia. As Ripple and HashKey deepen their partnership, this fund could catalyze further innovation in DeFi, payments, and blockchain, solidifying Asia’s role as a global crypto leader.
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