EddieJayonCrypto
18 Apr 25
HashKey Capital has launched Asia’s first regulated XRP Tracker Fund, designed to follow the price of XRP and provide institutional investors with compliant access to the digital asset without holding it directly. This fund is HashKey’s third tracker product after Bitcoin and Ethereum offerings and ...
HashKey Capital has launched Asia’s first regulated XRP Tracker Fund, offering institutional investors simplified and compliant exposure to XRP without the need to hold the digital asset directly.This fund is HashKey’s third tracker product, following Bitcoin and Ethereum offerings, and is designed to track the price of XRP, the third-largest cryptocurrency by market capitalization and an integral token in Ripple’s global payments infrastructure. Depending on market and regulatory conditions, the tracker fund may evolve into an exchange-traded fund (ETF) in the future.The fund is benchmarked by CF Benchmarks, an established index provider supporting crypto-linked ETFs globally. Institutional investors can subscribe using cash or in-kind contributions, with subscriptions and redemptions processed on a monthly basis. Ripple acts as the anchor investor by providing the initial capital.Vivien Wong, Partner at HashKey Capital, highlighted XRP’s rising significance in enterprise use cases such as payments, asset tokenization, and value storage. The fund aims to simplify access to this high-utility asset and respond to growing demand for quality crypto investment products.The partnership between HashKey Capital and Ripple is expected to extend beyond this fund, leveraging HashKey’s strong network across Asia and Ripple’s blockchain expertise to explore new investment products and blockchain solutions across cross-border payments, decentralized finance (DeFi), and enterprise blockchain adoption.Institutional interest in XRP has been gaining momentum, particularly in the United States, where firms like Bitwise, Grayscale, Canary Capital, and WisdomTree have applied for spot XRP ETFs. Market experts view the likelihood of regulatory approval as higher than in previous years due to recent acknowledgments by the U.S. Securities and Exchange Commission (SEC).Overall, HashKey Capital’s XRP Tracker Fund represents a significant step forward in providing compliant, institutionally-focused access to XRP and signals growing confidence in the digital asset’s future within global financial markets.