HashKey Capital launches Asia’s first XRP Tracker Fund

Hashkey Capital launched the first Asia XRP Tracker Fund, offering professional investors a regulated way to expose themselves to XRP without holding the asset directly.

The launch of the fund, announcement In a press release on April 18, the last push marked to unite traditional finances with digital assets. The XRP Tracker Fund will reflect the price of XRP, the native token of Ripple (Xrp) Payment network. Ripple, a player established in cross -border transfers of the blockchain, will serve as an anchor investor.

The fund offers a simpler and safer way of investing in XRP without having to deal with the auto-custody, which has become a major concern for institutional actors interested in cryptographic markets. Vivien Wong, partner of Hashkey Capital, described XRP as “one of the most innovative digital assets”, adding that the new fund will simplify access to the assets in the region.

“XRP is distinguished as one of the most innovative cryptocurrencies on the current market, attracting global companies that use it to transform, tokenize and store value. With the first XRP monitoring fund available in the region, we simplify access to XRP, meeting the demand for investment opportunities in the best digital assets. ”

– Vivien Wong, partner of Hashkey Capital

The Tracker fund is the third product of digital assets of Hashkey, after its bitcoin (BTC) and Ethereum (Ethn) The stock market negotiated funds are already negotiated on the Hong Kong Stock Exchange. The actions of the XRP fund will be available via monthly subscriptions and buyouts, via cash or kind contributions. He will use CF Benchmark pricing data, a well -known hint Supplier used in ETF products in the United States and Asia-Pacific.

In addition to the fund, Ripple and Hashkey also plan to team up on more projects in the future. The two companies will work together to develop new products in token, decentralized finances and cross -border payments, including possible projects such as a fund of the monetary market based on the XRP book, said Wong.

The launch comes at a key moment for Ripple. An American court recently approved a joint request from Ripple and the dry for 60 days break in their appeal procedure to facilitate settlement discussions. Ripple has also widened its services, in particular by integrating Rlusd Stablecoin into its network and acquisition Commercial company Hidden Road, which manages more than $ 10 billion in daily negotiation volume.