HashKey Capital Launches Asia's First XRP Tracker Fund with Ripple's Backing
Four funds, including the HashKey XRP Tracker Fund, which was announced this week, would represent the first of their kind in Asia, according to HashKey Capital. The fund will provide sophisticated investors an opportunity to gain exposure to XRP without having to custody or manage the asset directly. Ripple, a company that uses XRP within its payments ecosystem, is an early supporter of the fund.
The HashKey XRP Tracker Fund is expressly established to reflect the performance of XRP assets. It will give every other month liquidity and headroom, and have through cash and in kind subscriptions ability to purchase. This move comes as a larger push to bring more tracked crypto products to the region’s institutions continues.
Ripple says it will continue to work with HashKey on the development of other financial products. HashKey Capital already has Hong Kong-listed spot ETFs for Bitcoin and Ether under its belt. Together with their new investment fund, this latest move signals a bold commitment to broadening their offerings.
Vivien Wong, a partner at HashKey Capital, said that the partnership and launch of the new fund symbolizes a significant step toward the digital economy. She announced that HashKey Capital would be working with Ripple on further financial products. The partnership looks to create additional, innovative and regulated investment products in the crypto space.
Beyond its immediate application as a new investment option, the launch of the HashKey XRP Tracker Fund is a significant breakthrough for the Asian crypto investment environment. It presents a well-regulated, mainstream, trusted path for professional investors to get access to XRP. Now, with Ripple by their side, HashKey Capital can continue to lead the charge when it comes to innovation within the digital asset space.
Cameron Wilson
Senior Blockchain Editor
Cameron Wilson synthesizes in-depth blockchain expertise with vivid storytelling and clear analysis, illuminating both practical and strategic aspects of blockchain trends. Committed to making complex ideas accessible and inspiring audiences with fresh, real-world perspectives. In his spare time, Cameron enjoys hiking local trails and is an avid Latin jazz enthusiast.
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