HashKey Capital has triggered a new spotlight on XRP in Asia. The firm launched the region’s first fund featuring the top digital currencies.
HashKey Capital, a leading venture firm in Hong Kong, has launched an XRP Tracker Fund for institutional investors. This marks a huge milestone for the firm as it is the XRP Tracker Fund to debut in Asia.
Hashey Partners with Ripple
HashKey revealed in an X post that the new fund partners with Ripple Labs, the blockchain firm associated with the XRP coin. Ripple is acting as an early investor to provide the initial investment for the tracker fund.
6/ How to get involved?
📩 Reach out to liquidfunds@hashkey.com for details.
Monthly subscriptions & redemptions are available via cash or in-kind contributions.
Read the full press release here👇https://t.co/RIvgGBbS64
— HashKey Capital (@HashKey_Capital) April 18, 2025
According to HashKey, the fund is designed to track XRP’s performance, providing professional investors with regulated, institutional-grade exposure. The fund allows investors to avoid the complexities of direct ownership, custody, or trading XRP.
HaskKey said the XRP Tracker Fund will mirror the price of XRP. Investors can buy with cash, in-kind subscription, or monthly redemptions. The new fund is HashKey’s third tracker fund, following the launch of Bitcoin and Ethereum Exchange-Traded Funds (ETFs).
Overall, the fund strengthens collaboration between two leaders in the digital asset space. The central goal is to allow more institutional capital into regulated XRP products and the broader digital asset ecosystem.
Haskey hinted that the XRP Tracker Fund could evolve into an ETF, further broadening institutional access for XRP. The firm estimates a two-year timeframe for this transition.
XRP Gaining Widespread Attention
HashKey said it chose XRP as its third tracker fund in Asia due to its functionalities in enabling efficient transactions. The firm highlighted XRP’s usefulness in cross-border payments, enabling faster, cheaper, and more efficient transactions than traditional systems like SWIFT.
Financial institutions and enterprises worldwide are already leveraging XRP for payments. Recently, top Indian banks experimented with private ledgers using XRP for interbank transactions.
Besides payment, XRP utility is becoming more relevant in the Real-World Asset (RWA) tokenization industry.
XRP is now ranked the fourth-largest crypto by market cap, which is currently pegged at $121 billion. As of this writing, XRP is trading at $2.07, up 3.6% over the past week. If momentum and volume are sustained, experts suggest XRP could soon hit the $2.5 psychological level.
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