HashKey Capital has unveiled Asia’s first XRP Tracker Fund, a major step forward in making XRP investment more accessible. Backed by Ripple, the firm behind the XRP Ledger, this fund offers a simpler way for professional investors to gain exposure to XRP without handling the technical side of crypto.
The fund will seek to replicate the performance of XRP, an asset that is famous for its capability to facilitate cheap and quick international transactions. This action is in line with HashKey Capital’s goal of connecting traditional finance (TradFi) with the Web3 ecosystem.
“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value,” said Vivien Wong, partner at HashKey Capital. “With the first XRP Tracker Fund available in the region, we simplify access to XRP.”
The XRP Tracker Fund allows monthly subscriptions and redemptions, with options for cash or in-kind investments. It’s benchmarked against CF Benchmark, a trusted name behind ETF products across the US and Asia-Pacific. This fund joins HashKey’s growing lineup, including its Bitcoin ETF (3008.HK) and Ethereum ETF (3009.HK), both launched with Bosera.
This fund is also the start of a partnership between HashKey Capital and Ripple at a larger level. The two shall work on new investment products in cross-border payments, DeFi, and enterprise blockchain.
Such a fund could open the doors for more institutional investors to invest in the digital asset, given that institutional interest in XRP has been on the rise.
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