Unlock Asia’s Crypto Future: HashKey’s Groundbreaking XRP Fund Launch

Asia’s First XRP Tracker Fund Launched by HashKey Capital

HashKey Capital has introduced Asia’s first XRP Tracker Fund. This fund allows professional investors to invest in XRP without directly holding the asset.The announcement was made on April 18.

The XRP Tracker Fund aims to bridge traditional finance adn digital assets. It will track the price of XRP, the native token of Ripple’s payment network. Ripple, a leader in cross-border blockchain transfers, will be the anchor investor.

This fund offers a safer and simpler way to invest in XRP. it eliminates the need for self-custody, a critically important concern for institutional investors. Vivien Wong,Partner at HashKey Capital,highlighted XRP’s innovation. “XRP is one of the most innovative digital assets today. The new fund simplifies access to XRP in the region,” wong said.

HashKey Capital’s XRP Tracker Fund is its third digital asset product. It follows the launch of Bitcoin and Ethereum exchange-traded funds on the Hong Kong Stock Exchange. The XRP fund shares will be available via monthly subscriptions and redemptions.

the fund uses pricing data from CF Benchmark, a reputable index provider. Ripple and HashKey plan to collaborate on more projects in tokenization, decentralized finance, and cross-border payments.

This launch is timely for Ripple. A U.S. court recently approved a 60-day pause in Ripple’s appeal proceedings with the SEC. Ripple has also expanded its services, including integrating the RLUSD stablecoin and acquiring Hidden road, a trading firm handling over $10 billion in daily trading volume.