Meeting the increasing appetite for regulated digital asset exposure in Asia, a new investment vehicle focused on XRP has been introduced, offering professional investors a streamlined way to gain access to the cryptocurrency.
New XRP Investment Vehicle Launched
HashKey Capital has officially unveiled its XRP Tracker Fund, marking a significant development as the first fund of its kind dedicated to tracking XRP within the Asian market. This initiative allows qualified investors to gain exposure to XRP’s performance without needing to hold the asset directly. The fund’s establishment was supported by Ripple, the enterprise blockchain firm associated with XRP, which acted as the primary investor providing the initial capital.
Fund Mechanics and Strategy
The primary objective of the HashKey XRP Tracker Fund is to mirror the market performance of XRP. It facilitates monthly subscriptions and redemptions, accommodating both cash and in-kind contributions. Pricing data for the fund is reliably sourced from CF Benchmarks, a well-regarded index provider whose benchmarks are utilized by ETF products across the US and the Asia-Pacific region.
Vivienne Wong, a partner at HashKey Capital, emphasized XRP’s utility, particularly in cross-border payments, noting its appeal to global enterprises for transactions and value storage. She stated that this first altcoin tracker fund in the region simplifies access to XRP, directly addressing the growing demand for investment opportunities in leading digital assets.
Expanding Digital Asset Offerings
This launch represents HashKey Capital‘s third regulated digital asset product, following its Bitcoin and Ethereum exchange-traded funds (ETFs) listed on the Hong Kong Stock Exchange. The firm intends to continue its collaboration with Ripple, exploring the development of further investment products focused on areas such as tokenization, decentralized finance (DeFi), and enhanced cross-border payment solutions. The introduction of the XRP Tracker Fund occurs amidst rising institutional interest in digital assets throughout the Asia-Pacific, with HashKey Capital aiming to bridge the gap between traditional financial systems and the evolving digital asset landscape through regulated offerings.
Tyler Matthews, known as “Crypto Cowboy,” is the newest voice at cryptovista360.com. With a solid finance background and a passion for technology, he has navigated the crypto world for over a decade. His writing simplifies complex blockchain trends with dry American humor. When not analyzing markets, he rides motorcycles, seeks great coffee, and crafts clever puns. Join Crypto Cowboy for sharp, down-to-earth crypto insights.