XRP Listed on HashKey for Institutional Investors in Asia

XRP has officially been listed on HashKey Group’s Hong Kong-based trading platform, marking a significant step forward in institutional crypto adoption across Asia. This move comes as digital asset interest continues to rise among professional investors in the region, with HashKey aiming to offer secure and regulated access to leading cryptocurrencies like XRP.

In its recent announcement on X, the HashKey Group confirmed that spot trading for the XRP/USD pair is now active. However, initial activity was modest, with trading volume reaching only $4,000 within the first hour of launch. Despite the quiet start, the listing reflects growing institutional confidence in XRP, especially under Hong Kong’s evolving regulatory framework.

HashKey Exchange operates under the license of the Hong Kong Securities and Futures Commission (SFC), catering exclusively to professional and institutional investors. The firm has become a prominent gateway for compliant digital asset access throughout Asia, leveraging the city’s sophisticated financial ecosystem.

The timing of this listing is particularly notable. XRP was recently chosen as one of the five assets included in the controversial U.S. strategic crypto reserve, a move that placed the token among a shortlist of assets deemed important for national economic strategy. This recognition further legitimized XRP’s role in long-term digital finance planning, bolstering interest among global investors.

HashKey Group also played a key role in expanding institutional access to XRP earlier this year. In April, it launched Asia’s first dedicated XRP tracker fund in collaboration with Ripple, the fintech company behind XRP’s blockchain infrastructure. The fund was designed to offer institutional investors a simplified route to gain exposure to XRP’s market dynamics, capitalizing on what many have seen as the resurgence of altcoins since late 2024.

Fiona Murray, Ripple’s managing director of APAC, emphasized the strength of the partnership in a press release, stating, “HashKey Capital has been a valued partner in expanding institutional access to XRP across Asia. From launching the region’s first XRP Tracker Fund to facilitating XRP’s listing on HashKey Exchange, our collaboration reflects a shared commitment to real-world utility. We look forward to advancing that momentum through responsible innovation.”

This statement highlights Ripple’s strategic alignment with regulated partners like HashKey, aimed at increasing XRP’s access in markets where institutional demand is gaining momentum. The listing is more than just another trading pair—it represents coordinated infrastructure development tailored for professional-grade cryptocurrency participation.

At present, XRP is trading at $2.19, reflecting a 4.4% decline over the past 24 hours amidst a broader market sell-off. The downward trend follows bitcoin’s drop to $105,000, which triggered widespread corrections across the digital asset spectrum. While short-term volatility remains, market observers suggest that XRP’s continued inclusion on regulated platforms like HashKey could provide price stability and institutional resilience in the long run.

Related: Expert Advice: Sell XRP If You’re Confused

As regulated markets in Asia continue to evolve, HashKey’s commitment to listing high-utility assets like XRP reaffirms Hong Kong’s ambition to become a premier digital asset hub. With increasing institutional acceptance and regional initiatives such as crypto tracker funds, XRP’s future in Asia’s financial ecosystem appears firmly grounded.