- HashKey Capital launches Asia’s first XRP Tracker Fund offering regulated exposure without owning XRP directly.
- The XRP fund allows monthly cash or in-kind subscriptions and uses pricing data from CF Benchmark.
- Ripple backs the fund as anchor investor while planning more digital asset products with HashKey Capital.
HashKey Capital has introduced Asia’s first XRP Tracker Fund, giving professional investors exposure to XRP without direct ownership. The fund tracks the price of XRP, Ripple’s native token, used for cross-border blockchain transactions. It provides regulated access while avoiding the risks of self-custody.
Ripple, a key player in global digital payments, will act as the anchor investor. The fund’s announcement came through a press release dated April 18.
Bridging Traditional Finance and Digital Assets
This fund continues HashKey Capital’s effort to connect traditional finance with blockchain-based assets. Investors can now participate in XRP’s performance without navigating crypto’s technical barriers.
XRP’s ability to enable fast and affordable global transfers has driven growing institutional interest. The fund responds to that demand with a structured and regulated product.
Subscriptions and Redemptions Available Monthly
Investors can subscribe or redeem fund shares on a monthly basis. Contributions can be made in cash or as in-kind transfers.
CF Benchmark, a well-known index provider for ETF products, will supply pricing data. It supports similar financial products across the United States and Asia-Pacific.
This XRP Tracker Fund becomes HashKey’s third crypto investment product. Its Bitcoin and Ethereum ETFs are already listed on the Hong Kong Stock Exchange.
Ripple and HashKey Partnership to Expand
Ripple and HashKey Capital plan to develop new blockchain-based financial tools. These could include tokenized assets, decentralized finance platforms, and cross-border settlement systems.
A potential money market fund built on the XRP Ledger is also under discussion. This would use Ripple’s technology to enable real-time asset movements.
Fund Launch Comes Amid Ripple Developments
The launch coincides with Ripple’s ongoing legal negotiations with the U.S. Securities and Exchange Commission. A federal court recently approved a 60-day pause in proceedings to allow settlement talks.
Ripple is also expanding its infrastructure. It has introduced a stablecoin, RLUSD, and acquired Hidden Road, a trading firm handling $10 billion in daily volume.
Demand Grows for Regulated Digital Asset Access
The XRP Tracker Fund addresses a growing need among institutions for compliant exposure to digital assets. These investors often avoid direct custody due to regulatory or security concerns.
HashKey’s structured offering removes those barriers while tapping into XRP’s utility in international finance. This step reflects rising confidence in tokenized investment products across Asian markets.
HashKey’s expanding lineup positions it as a bridge between traditional financial institutions and the emerging Web3 space.
