HashKey Capital has introduced Asia’s inaugural XRP Tracker Fund, enabling professional investors to gain regulated exposure to XRP without direct ownership. This landmark offering bridges traditional finance and digital assets, further legitimizing crypto investments in institutional portfolios.
Key Features of the XRP Tracker Fund
- Regulated Access: Provides a compliant alternative to direct XRP holdings.
- Price Mirroring: Tracks the value of XRP, the native token of Ripple’s payment network.
- Anchor Investor: Backed by Ripple, a leader in blockchain-based cross-border payments.
Why This Fund Matters
The fund addresses critical institutional concerns:
- Eliminates complexities of self-custody and security risks.
- Simplifies entry for investors seeking digital asset diversification.
"XRP is among the most innovative digital assets today, used globally for transactions and value storage. This fund streamlines regional access to top-tier crypto opportunities."
— Vivien Wong, Partner at HashKey Capital
Fund Mechanics and Availability
- Subscription Model: Monthly purchases/redemptions via cash or in-kind contributions.
- Pricing Data: Sourced from CF Benchmark, a trusted index provider for ETFs.
- Platform: Shares trade on the Hong Kong Stock Exchange, alongside HashKey’s existing Bitcoin (BTC) and Ethereum (ETH) ETFs.
👉 Explore institutional crypto investment strategies
Future Collaborations: Ripple and HashKey
The partnership extends beyond the fund, with plans to co-develop:
- Tokenization solutions
- DeFi products
- Cross-border payment innovations
A potential XRP Ledger-based money market fund is also under discussion.
Ripple’s Expanding Ecosystem
The launch coincides with pivotal developments for Ripple:
- SEC Settlement Talks: U.S. court granted a 60-day pause for negotiations.
- Product Growth: Integration of RLUSD stablecoin and acquisition of Hidden Road, a prime broker handling $10B+ daily volume.
FAQs
Q: Who can invest in the XRP Tracker Fund?
A: The fund targets professional investors in Asia, complying with local regulations.
Q: How does the fund mitigate custody risks?
A: By removing the need for self-custody, it reduces exposure to hacks and key management issues.
Q: What distinguishes XRP from other cryptocurrencies?
A: XRP specializes in fast, low-cost cross-border transactions, endorsed by financial institutions.
👉 Learn about Ripple’s payment network advantages
This initiative underscores HashKey Capital’s leadership in crypto ETFs and Ripple’s commitment to expanding blockchain utility. For institutions eyeing regulated crypto exposure, the XRP Tracker Fund represents a milestone in asset accessibility.