HashKey Capital has recently launched the first regulated XRP Tracker Fund in Asia, tracking the price of XRP, the third-largest crypto asset by market capitalization and widely used in Ripple’s global payments infrastructure. This fund is the firm’s third tracker product, following offerings tied to Bitcoin and Ethereum. The firm has hinted that, depending on market conditions and regulatory developments, the tracker could potentially evolve into an exchange-traded fund (ETF).
The XRP Tracker Fund by HashKey aims to meet institutional demand for simplified and compliant access to digital assets, providing a new gateway for professional investors to gain exposure to XRP without directly holding the token. Investors can subscribe using cash or in-kind contributions, with redemptions and subscriptions processed monthly. The fund is benchmarked by CF Benchmarks, an established index provider supporting various crypto-linked ETFs across major global markets. Ripple has committed to providing initial capital for the fund, positioning itself as the anchor investor in this offering.
Vivien Wong, a Partner at HashKey Capital, highlighted XRP’s growing relevance in enterprise use cases from payments to asset tokenization and value storage. She mentioned that the fund simplifies access to a high-utility asset and meets the increasing demand for quality crypto investment products. The partnership between HashKey Capital and Ripple is expected to go beyond the initial fund, as Wong stated that HashKey’s network of financial institutions, regulators, and investors in Asia could benefit Ripple’s broader ambitions in investment products and solutions.
The move by HashKey Capital indicates that institutional interest in XRP is on the rise. Several US firms, including Bitwise, Grayscale, Canary Capital, and WisdomTree, have applied for a spot XRP ETF in recent months. The increasing number of XRP-related financial investment vehicles and the SEC’s acknowledgment of these applications suggest a high chance of approval for these products. This growing interest in XRP from institutional investors further solidifies its position in the crypto market and could pave the way for additional investment products in the future.
Overall, the launch of the XRP Tracker Fund by HashKey Capital represents a significant step towards providing institutional investors with simplified and compliant access to digital assets, particularly XRP. The partnership between HashKey Capital and Ripple could lead to further collaboration on investment products and solutions across cross-border payment solutions, DeFi, and enterprise blockchain adoption. With the increasing interest in XRP from institutional investors globally, the crypto asset continues to gain traction and recognition in the financial market, opening up new opportunities for investment and growth.
