- Hashkey puts on Asia’s first XRP fund and thus signals an increasing institutional crypto interest.
- Ripple supports the fund and works on new XRP products, including a money market fund based on the XRP Ledger.
Hashkey Capital has launched the first XRP tracker fund in Asia to increase the attractiveness of XRP for institutional investors and to expand access in the region. This initiative supported by Ripple is a strategic advance to bring regulated crypto products to the mainstream finance world. The fund offers professional investors an engagement in XRP without acting directly with cryptocurrencies. Since the regulatory dynamics increase, market observers observe the possibility of introducing a complete XRP ETF.
Hashkey Capital expands institutional access to XRP
The Hong Kong company Hashkey Capital announced that the Hashkey XRP Tracker Fund, the first investment vehicle in Asia, which is supposed to pursue the development of XRP. The fund is open to professional investors and is supported by Ripple as an early investor. According to Vivien Wong, partner at Hashkey Capital, the new fund simplifies institutional access to XRP by eliminating technical barriers such as wallet management or asset storage.
Wong emphasized the efficiency of XRP in cross -border payment transactions and referred to the speed and low fees compared to traditional systems such as Swift. She explained that the role of XRP in the enabling of seamless money traffic matches the growing trend of the tokenization of real assets on the blockchain. The fund is evaluated by CF Benchmarks, which are known for the development of crypto-ETF benchmarks in the USA and in the Asian-Pacific area.
Hashkey Capital has already played out tracker funds for Bitcoin (BTC) and Ethereum (ETH), which are listed as ETFs in Hong Kong. The XRP Tracker Fund extends this portfolio, offers monthly liquidity and enables drawings through bar or material transfers.
Ripple and Hashkey deepen strategic cooperation
Ripple not only provides initial investment, but also works with Hashkey Capital for more comprehensive initiatives. Fiona Murray, Managing Director APAC at Ripple, emphasized the importance of the fund for a regulated crypto engagement in the Asian-Pacific area. She noted that the partnership aims to create new financial products that support the institutional introduction of XRP.
Talks are currently underway on the tokenization of a money market fund (MMF) on the XRP Ledger in order to show potential applications beyond payment transactions. Wong said that the cooperation would use the regulatory relationships and the Hashkey Capital investor network, while Ripple brings technical knowledge and company-friendly blockchain solutions.
The XRP Tracker Fund is part of Ripple’s ongoing strategy to integrate XRP into traditional financial structures. Since XRP is in third place after the market capitalization behind Bitcoin and Ethereum, the fund is positioned so that it attracts global companies and financial institutions that are looking for a blockchain-based infrastructure.
As Wong confirms, this tracker fund is the first of many upcoming cooperation between the two companies. Both parties examine further investment opportunities in the areas of cross-border payment transactions, decentralized finance and blockchain applications for companies.
The new offer from HashKey comes at a time of renewed optimism around XRP, as there are signs that Ripple’s long -standing legal dispute with the SEC is about to be a solution. If the regulatory conditions allow it, industry analysts assume that the XRP Tracker Fund could develop into a full XRP ETF within the next two years.
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