HashKey Capital is set to introduce the Asian XRP Tracker Fund with Ripple as a notable investor, aiming to streamline XRP access for institutional use in cross-border transactions and crypto investments across Asia.

In an effort to facilitate professional investors' entry into the realm of XRP without active management, HashKey Capital has unveiled Asia's premier XRP Tracker Fund. The fund's structure allows for exposure to XRP while ensuring convenient monthly liquidity, catering exclusively to institutional investors.

Ripple, a key player utilizing XRP in its payment solutions, has expressed early support for the fund and intends to collaborate with HashKey on forthcoming financial offerings. Vivien Wong, a partner at HashKey Capital, highlighted the potential for joint ventures like tokenizing a money market fund using the XRP Ledger.

Underlining their commitment to expanding regulated cryptocurrency products for institutions in Asia, Fiona Murray, Ripple's managing director for Asia-Pacific, emphasized that the collaboration with HashKey represents a broader initiative towards enhancing institutional accessibility to crypto assets in the region.

HashKey Capital to Debut Asian XRP Tracker Fund With Ripple as Anchor Investor

The fund aims to simplify institutional access to XRP for cross-border payments, crypto investing in Asia.

• HashKey Capital announced an XRP Tracker Fund, the first such tracker in Asia.
• The fund will be open to professional investors, offering exposure to XRP without direct management while providing monthly liquidity.
• Ripple, which uses XRP in its payments ecosystem, is an early backer of the fund and plans to collaborate with HashKey on future financial products.

HashKey Capital announced what it says is the first investment fund in Asia designed to track the performance of XRP, the digital asset used in Ripple’s global payment infrastructure.

The new fund, called the HashKey XRP Tracker Fund, will be open to professional investors and will allow exposure to XRP without the need to manage the asset directly. It will offer the ability to buy through cash and in-kind subscriptions, and offers monthly liquidity.

The company will continue to partner with Ripple on additional financial products, Vivien Wong, a partner at HashKey Capital, said in a statement. One possibility includes tokenizing a money market fund on the XRP Ledger.

Ripple’s Asia-Pacific managing director Fiona Murray said the partnership with HashKey is part of a broader push to bring more regulated crypto products to institutions in the region.