HashKey Capital has officially launched Asia’s first XRP Tracker Fund, providing professional investors with regulated exposure to XRP without the need for direct ownership.
Ripple, the enterprise blockchain company behind XRP, is serving as the anchor investor, seeding the initial investment into the fund.
The HashKey XRP Tracker Fund is designed to mirror the performance of XRP, offering monthly subscriptions and redemptions through both cash and in-kind contributions. Pricing data for the fund is provided by CF Benchmarks, a recognized index provider used in ETF products across the U.S. and Asia-Pacific.
Vivien Wong, Partner at HashKey Capital, highlighted XRP’s role in cross-border payments, stating, “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. 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 launch marks HashKey Capital’s third digital asset product, following its Bitcoin and Ethereum exchange-traded funds (ETFs) listed on the Hong Kong Stock Exchange. The firm plans to collaborate further with Ripple on developing new investment products in areas such as tokenization, decentralized finance (DeFi), and cross-border payments.
The introduction of the XRP Tracker Fund comes at a time when institutional interest in digital assets is growing across the Asia-Pacific region. By offering a regulated investment vehicle, HashKey Capital aims to bridge the gap between traditional finance and the evolving digital asset landscape.
JPMorgan and other major U.S. banks are under fire for a lawsuit aimed at dismantling the Consumer Financial Protection Bureau’s (CFPB) newly established “Open Banking Rule.”
The crypto market remains firmly in “Greed” territory, with CoinMarketCap’s Fear & Greed Index clocking in at 69/100 on July 19. Despite a modest 24-hour dip from 71, the index has now held above 60 for 11 consecutive days.
The crypto industry saw major advancements this past week across DeFi, NFT, Layer 2, and AI-powered platforms.
Cryptocurrency exchange Bullish, backed by billionaire investor Peter Thiel, has officially filed for an initial public offering (IPO), marking a major step toward entering the public markets.