- HashKey Capital has launched Asia’s first XRP Tracker Fund with Ripple as the anchor investor, aiming to convert it into an ETF and expand regulated XRP investment options in the region.
- The partnership also explores broader blockchain solutions, signaling a major push for institutional adoption of XRP in Asia.
Hong Kong-based crypto investment powerhouse HashKey Capital has taken a bold step toward boosting institutional adoption of XRP in Asia. On April 18, the firm unveiled the HashKey XRP Tracker Fund, the region’s first fund specifically designed to track the performance of XRP — the digital asset known for its strong use case in cross-border payments.
A Strategic Partnership with Ripple
In a significant move, Ripple, the blockchain company behind XRP, is backing the fund as its anchor investor, seeding the initial capital. This deepens Ripple’s influence in Asia’s crypto investment landscape while strengthening its ties with HashKey.
The collaboration doesn’t stop with the fund. HashKey and Ripple are reportedly exploring a broader range of blockchain solutions together. These include new investment products, cross-border DeFi solutions, and tokenization initiatives — with even the possibility of launching a money market fund (MMF) on the XRP Ledger.
Vivien Wong, a partner at HashKey Capital, emphasized the strategic nature of the partnership, noting that it enables Ripple to tap into HashKey’s extensive network of financial institutions, regulators, and investors throughout Asia.
The Road to an XRP ETF in Hong Kong
The XRP Tracker Fund is the third in HashKey’s series of crypto tracker products, following similar offerings for Bitcoin and Ethereum. According to the firm, the ultimate goal is to convert the XRP fund into an exchange-traded fund (ETF) — a move that could significantly enhance the accessibility of XRP investments for institutions.
Given Hong Kong’s evolving regulatory framework around digital assets, the launch of an XRP ETF in Asia appears to be increasingly viable. This would provide regulated exposure to XRP, which is vital for institutions looking to enter the crypto space with transparency and compliance.
A Boost for Institutional Interest in XRP
Hank Huang, CEO of Cronos Research, called the launch a “pivotal moment for institutional adoption” in Asia. He noted that HashKey’s regulated and transparent approach, combined with XRP’s established utility in cross-border payments, could lead to significant capital inflows and greater global recognition of XRP as a serious financial asset.
With institutional-grade infrastructure and Ripple’s full support, the XRP Tracker Fund signals a new chapter for crypto investing in Asia, one that could reshape how XRP is perceived and adopted worldwide.
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