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HashKey Capital Launches Asia’s First XRP Tracker Fund
In a significant development for cryptocurrency investment in Asia, HashKey Capital has unveiled the HashKey XRP Tracker Fund this Friday. This groundbreaking fund represents the first investment vehicle in Asia specifically designed to track XRP’s performance, opening new doors for institutional investors in the region.
Professional Investment Made Simple
The new fund targets professional investors seeking XRP exposure without the complexities of direct ownership. With flexible options including cash or in-kind subscriptions and monthly redemption opportunities, HashKey has created an accessible entry point to one of the world’s largest cryptocurrencies.
What makes this launch particularly noteworthy is Ripple‘s involvement as the anchor investor, providing the seed funding to get the initiative off the ground. According to insiders, this marks just the beginning of what promises to be an extensive collaboration between HashKey Capital and Ripple.
Strategic Vision
“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value,” explains Vivien Wong, Partner of Liquid Funds at HashKey Capital. “With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets.”
This isn’t HashKey Capital’s first rodeo in the digital asset space. The firm already manages several crypto products, including an actively managed fund and the Bosera HashKey Bitcoin and Ether spot ETFs listed on the Hong Kong Stock Exchange. The XRP Tracker represents their third tracker fund, showcasing their expanding portfolio in the crypto investment landscape.
Building Bridges
The partnership aims to leverage strengths from both organizations. Wong elaborated: “We will extend HashKey Capital’s connections to financial institutions, regulators, and investors in Asia to Ripple. At the same time, Ripple offers us the opportunity to collaborate on more investment products and solutions across cross-border payment solutions, decentralized finance (DeFi), and enterprise blockchain adoption.”
Fiona Murray, Managing Director APAC at Ripple, shared similar enthusiasm: “Institutional investors are eager to access regulated products around the world, and this is exactly what the HashKey XRP Tracker Fund will deliver in the Asia-Pacific region. We’re looking forward to working with HashKey Capital – their prominence, coupled with strong crypto traction here, will be imperative to bolstering Asia’s leadership role in crypto and blockchain technologies.”
XRP’s Growing Importance
Currently holding the position of the world’s third-largest cryptocurrency with a market capitalization of approximately $121 billion, XRP has established itself as a major player in the digital asset space.
Looking Ahead: The ETF Horizon
The launch comes at an interesting time for XRP. Since President Trump began his second term in January, the market has been buzzing with anticipation regarding spot XRP exchange-traded funds. Standard Chartered has projected that an XRP ETF approval could come as soon as the third quarter of 2025, potentially unlocking up to $8 billion in inflows during the first year alone.
The race is heating up with at least seven firms competing to launch an XRP spot ETF. One of the most important dates on the calendar is May 22, when the U.S. Securities and Exchange Commission has to respond to Grayscale’s spot XRP ETF filing.
As Asia keeps building its reputation as a crypto innovation hub, the HashKey XRP Tracker Fund is yet another milestone towards mainstream institutional adoption of digital assets in the region.
