The launch of the HashKey XRP Tracker Fund marks a significant development in the cryptocurrency investment space in Asia. This new fund, designed to track XRP performance, caters to professional investors seeking regulated exposure to Ripple’s native digital asset.
HashKey Capital announced the fund as Asia’s first investment vehicle specifically built around XRP, one of the world’s most traded cryptocurrencies. The fund allows institutional investors to gain exposure to XRP without the complexities of managing the digital asset directly. Privately offered to qualified investors, the fund will accept both cash and in-kind subscriptions and provide monthly liquidity options.
This development underscores the growing interest in regulated crypto products in the Asia-Pacific region. Ripple, the company behind XRP, will be a key investor in the HashKey XRP Tracker Fund, further strengthening its existing relationship with the asset management firm. Ripple’s involvement signifies a strategic commitment to expand access to its token and related infrastructure across Asia’s financial markets.
With this initiative, HashKey Capital bolsters its portfolio of cryptocurrency-focused investment products. It already offers spot exchange-traded funds (ETFs) in Hong Kong that track Bitcoin (BTC) and Ethereum (ETH). The addition of XRP into its fund lineup diversifies the institution’s offerings, allowing investors more choices in digital asset exposure.
Vivien Wong, a partner at HashKey Capital, emphasized that this partnership could lay the groundwork for future innovation. Among the possibilities being discussed is the creation of a tokenized money market fund built on the XRP Ledger, a blockchain engineered by Ripple to enable fast and inexpensive international transactions.
Echoing these sentiments, Ripple’s Asia-Pacific Managing Director Fiona Murray described the fund as a step forward in facilitating regulated access to crypto holdings for financial institutions in the region. According to Murray, the collaboration with HashKey aligns with Ripple’s broader goal to deliver more institutional-grade digital asset products in compliant markets.
As crypto adoption continues to grow, especially across jurisdictions with enhanced clarity such as Hong Kong and Singapore, products like the XRP Tracker Fund play a pivotal role in bridging traditional finance with blockchain technologies. With Ripple as a cornerstone investor, the fund may serve as a blueprint for how institutional capital can be integrated into the digital asset economy in a compliant and efficient way.
The partnership’s future plans suggest more innovative solutions may be on the horizon, especially as both companies seek to evolve their fintech offerings in tandem with regulatory support across Asia’s financial hubs.
