HashKey Capital announced Friday the launch of the HashKey XRP Tracker Fund, marking the first investment vehicle in Asia designed to track the performance of XRP, a cryptocurrency associated with Ripple’s blockchain-based payment infrastructure. The fund is now available to professional investors in the region.
Ripple, a U.S.-based digital payments firm and the primary developer of the XRP Ledger, will serve as the anchor investor in the fund. The announcement was made during an event in Hong Kong, underscoring ongoing efforts to expand regulated digital asset offerings for institutional investors in the Asia-Pacific region.
The fund allows subscriptions and redemptions on a monthly basis and accepts both cash and in-kind contributions. It is benchmarked by CF Benchmarks, a provider of cryptocurrency indices used by exchange-traded products in both the U.S. and Asia-Pacific markets.
Professional Investors to Gain Exposure to XRP
HashKey Capital said the XRP Tracker Fund is intended to simplify access to XRP without requiring direct token ownership, which often involves complex custody and security considerations. XRP currently ranks as the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ether.
The fund targets institutional clients seeking exposure to digital assets through regulated financial products. HashKey Capital previously launched two other cryptocurrency tracker funds: one for Bitcoin (3008.HK) and another for Ether (3009.HK), both listed in collaboration with Bosera Asset Management.
According to Vivien Wong, Partner for Liquid Funds at HashKey Capital, the new fund fits within the firm’s broader objective to bridge traditional finance with emerging blockchain technologies, particularly in cross-border payments and asset tokenization.
HashKey, Ripple Outline Strategic Partnership
In addition to launching the fund, HashKey Capital and Ripple outlined plans for future collaboration, which will include joint initiatives in decentralized finance, institutional blockchain adoption, and tokenized investment products.
Wong said HashKey Capital intends to leverage its regulatory and institutional network in Asia to support Ripple’s expansion in the region. One of the partnership’s possible directions includes the tokenization of money market funds on the XRP Ledger.
Fiona Murray, Ripple’s Managing Director for Asia-Pacific, emphasized that regulated investment options are in high demand among institutional investors. She said the collaboration aims to support the region’s growing influence in the global digital asset space.
