HashKey Launches Asia's First XRP Tracker Fund

HashKey Launches Asia's First XRP Tracker Fund

HashKey Capital has launched the HashKey XRP Tracker Fund, marking Asia's first investment fund solely focused on XRP. This development significantly expands accessible investment opportunities in the region while adhering to regulatory standards.

Expanding Web3-TradiFi Bridge with XRP

Designed for sophisticated investors, the fund provides access to XRP without the complexities of direct cryptocurrency management. Tracking the performance of XRP, a top-three cryptocurrency globally, the fund leverages XRP's established role in facilitating fast and cost-effective international money transfers for financial institutions.

Vivien Wong, Partner of Liquid Funds at HashKey Capital, highlights XRP's innovation in global markets, emphasizing its use in cross-border transactions, asset tokenization, and value storage. The fund streamlines XRP investment for a wider range of investors.

Investors can subscribe or redeem shares monthly, utilizing cash or in-kind methods. CF Benchmarks, a leader in crypto ETF launches in the US and Asia-Pacific, provides benchmarking services for the fund.

This marks HashKey Capital's third tracker fund, following the successful launch of Bitcoin and Ethereum ETFs in partnership with Bosera. The XRP fund signifies a strategic partnership between Ripple and HashKey Capital, representing their first joint venture. Ripple's investment underscores its commitment to this collaboration.

Asia's Growing Crypto Leadership

The partnership combines HashKey Capital's asset management expertise with Ripple's blockchain and payment technology knowledge. Wong anticipates significant opportunities in DeFi and enterprise blockchain deployment. Future plans include tokenizing a money market fund (MMF) on the XRP Ledger.

For Ripple, this fund represents a major step toward standardized crypto investment in Asian markets. Fiona Murray, Ripple's APAC Managing Director, emphasizes the need for regulated crypto products for institutional investors – a need this fund directly addresses. This development solidifies Asia's growing influence in the crypto and blockchain space.

The HashKey XRP Tracker Fund represents a significant advancement for Asian digital asset trading, facilitating regulated XRP access through enhanced partnerships within the crypto industry. This innovation is likely to shape the future of finance in Asia and beyond.

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