Asia’s First XRP Tracker Fund Launched by Ripple and HashKey Capital

Hashkey Capital launched Asia’s first XRP tracker fund, with Ripple seeding its products as an early investor.

The fund provides professional investors who regulate access to XRP without the need to directly hold or trade cryptocurrency.

Hashkey’s XRP Tracker Fund

Using CF benchmarks as reference indexes, the fund is designed to provide institutional-grade exposure to XRP, allowing monthly subscriptions and redemptions through either cash or in-kind donations.

“XRP stands out as one of the most innovative cryptocurrencies on the market today, attracting global companies that use it to trade, tokenize and store value.” I said Vivien Wong, a partner at Hashkey Capital.

“With the region’s first XRP tracker funds available, we simplify access to XRP and meet the demand for investment opportunities with the best digital assets.”

That’s what XRP was like I was chosen It offers faster and cheaper transactions than traditional systems like Swift for use with cross-border payments. It also supports tokenization of real-world assets via XRP Ledger (XRPL), and is already used worldwide by several financial institutions and companies.

This marks the venture capital firm’s third crypto-tracking product, following the previous Bitcoin (BTC) and Ethereum (ETH) funds launched at Bosera. If approved by the regulatory authority, the XRP Tracker Fund can be converted to an Exchange Transaction Fund (ETF) in the next 1-2 years.

Additionally, the companies plan to collaborate on other investment products: Defi Solutions for cross-border payments and asset tokenization projects. Another idea under consideration is creating a money market fund in XRPL.

Expanding blockchain adoption

Wong said the partnership will combine the strengths of both companies, a network of Hashkey Capital investors, regulators and financial institutions, as well as the experience of blockchain and digital payments. She added that the collaboration will support collaborative efforts in areas such as enterprise blockchain adoption and financial infrastructure.

Fiona Murray, managing director of Ripple’s APAC, said more institutional investors are looking for regulated crypto products, and the fund is a step towards meeting its demand in Asia. She also said the strong regional presence of Asian companies will help support the growth of broader crypto and blockchain.

The announcement comes as a four-year legal battle between Ripple and the Securities and Exchange Commission (SEC) reached conclusions, with the former agreeing to pay a $50 million fine.

With the case resolved, it appears that the US XRP ETF pass is open, with at least seven companies preparing to launch them. Before Nate Gelach It is listed Companies like BlackRock and Fidelity may immediately submit products that track Ripple’s native tokens.