HashKey Capital, a digital asset administration agency based mostly in Hong Kong, has introduced the launch of a brand new funding product centered on XRP, marking a strategic step towards growing institutional publicity to the third largest crypto asset by market cap in Asia.
The product, known as the HashKey XRP Tracker Fund, is positioned because the area’s first funding automobile particularly designed to reflect XRP’s market efficiency. The agency additionally acknowledged that there are plans to evolve the fund into an exchange-traded fund (ETF) sooner or later.
The Purpose Behind Asia’s First XRP Tracker Fund
Based on an April 18 announcement, Ripple will act because the anchor investor within the Tracker Fund, reinforcing the partnership between the blockchain agency and HashKey.
HashKey Capital is launching Asia’s first XRP Tracker Fund—with @Ripple as an early investor.
This marks a serious step in increasing institutional entry to XRP, the third-largest token by market cap. 🧵👇
— HashKey Capital (@HashKey_Capital) April 18, 2025
The initiative goals to draw regulated institutional capital into the altcoin’s ecosystem and to develop accessibility for digital asset buyers throughout the area. HashKey has indicated that the brand new fund aligns with its ongoing efforts to create compliant, crypto-native monetary devices inside regulated markets.
Along with launching the Tracker fund, HashKey Capital disclosed that the agency and Ripple are deepening their collaborative relationship. The businesses are at the moment exploring the event of further funding merchandise and monetary infrastructure that leverage the XRP Ledger.
These discussions embrace the potential launch of a cash market fund (MMF) utilizing tokenization on the XRP blockchain, in addition to the creation of cross-border decentralized finance (DeFi) options.
Collaboration With Ripple and Future Product Growth
Vivien Wong, a associate at HashKey Capital, famous that the collaboration extends past monetary funding. She mentioned the agency will contribute its community of monetary establishments, regulatory our bodies, and buyers within the area to help Ripple’s broader goals.
Wong emphasised that the collaboration helps Ripple’s initiatives in decentralized finance and enterprise blockchain adoption. The XRP Tracker Fund turns into the third tracker fund in HashKey’s portfolio, following comparable merchandise for Bitcoin and Ethereum.
3/ A primary in Asia, however not the final
The XRP Tracker Fund is HashKey Capital’s third tracker fund, following its Bitcoin and Ethereum ETFs.
With regulatory approval, it might evolve into an ETF within the subsequent 1-2 years, additional broadening institutional entry.
— HashKey Capital (@HashKey_Capital) April 18, 2025
These choices replicate the agency’s technique to offer institutional-grade entry to key digital belongings. Though not an ETF at this stage, HashKey has indicated the XRP fund could transition to an ETF construction, pending regulatory developments and investor demand.
The introduction of a region-specific XRP fund supported by Ripple provides to the rising curiosity in bringing conventional monetary frameworks to crypto markets in Asia. Apparently, XRP’s worth was ignorant to the information with the asset seeing no uptick however as a substitute buying and selling at $2.08 marking a 1.2% lower prior to now day.
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