HashKey Launches Asia’s First XRP Tracker Fund in Collaboration with Ripple
HashKey Capital and Ripple have launched the first XRP Tracker Fund in Asia. The fund targets professional investors and accepts both cash and in-kind contributions.
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HashKey Capital has introduced the first XRP tracker fund in Asia, with Ripple joining as an anchor investor. The fund provides professional investors with exposure to XRP without requiring them to manage the asset directly.
It allows purchases through cash and in-kind subscriptions (using XRP tokens), and permits redemptions on a monthly basis.
Moreover, the partnership with Ripple deepens the strategic relationship between the two firms, which already collaborate on Bitcoin and Ethereum ETFs registered in Hong Kong.
Looking ahead, the companies plan to introduce additional financial products, including a tokenized Money Market Fund based on the XRP Ledger.
Launch of the HashKey XRP Tracker Fund
The HashKey XRP Tracker Fund is the first investment product in Asia built to track the performance of XRP. Designed exclusively for professional investors, the fund uses CF Benchmark to ensure transparent pricing.
Ripple’s role as a lead investor is expected to reinforce market confidence and highlight the company’s commitment to supporting institutional participation in the XRP ecosystem.
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,
said Vivien Wong, Partner, Liquid Funds at HashKey Capital.
Related: XRP ETF Debuts in the U.S.—With Leverage, Not Spot
Deepening Collaboration with Ripple
The two companies have already launched joint spot ETF products for BTC and ETH (3008.HK, 3009.HK).
Now, their partnership is expanding to include solutions for:
- Cross-border payments
- Decentralized finance (DeFi)
- Enterprise blockchain infrastructure
Ripple contributes technical expertise in enabling fast and low-cost transfers using XRP. At the same time, HashKey offers access to a network of financial institutions and regulators across the Asia-Pacific region.
Institutional investors are eager to access regulated products around the world, and this is exactly what the HashKey XRP Tracker Fund will deliver in the Asia-Pacific region. We’re looking forward to working with HashKey Capital – their prominence coupled with strong crypto traction here will be imperative to bolstering Asia’s leadership role in crypto and blockchain technologies,
said Fiona Murray, Managing Director APAC at Ripple.
Related: Ripple’s $1.25B Target Hidden Road Wins FINRA License
Future Development Prospects
HashKey and Ripple are reportedly in discussions to tokenize a Money Market Fund (MMF) on the XRP Ledger. Over time, the tracker fund could be converted into an ETF to broaden investor access.
Ultimately, the XRP tracker fund aligns with HashKey Capital’s mission to bridge traditional finance and the Web3 ecosystem.
Related: HashKey & Bosera to Launch World’s First Tokenized Money Market ETFs
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