This week, HashKey Capital launched the HashKey XRP Tracker Fund. The company said it is the first investment fund in Asia designed to track the performance of XRP. One of the world’s leading digital assets infrastructure providers, Ripple, is an early investor.
The HashKey XRP Tracker Fund will be available to professional investors, who can gain exposure to XRP without the technical challenges of direct ownership. XRP is now the third-largest cryptocurrency by market capitalization after BTC and ETH, due to its use in cross-border payments.
With XRP, banks, financial institutions, and other enterprises can potentially send funds faster and cheaper than with traditional methods like overseas wires.
“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.
The XRP Tracker Fund:
- Allows professional investors to buy through cash or in-kind subscription and subscribe or redeem shares monthly. It is also benchmarked by CF Benchmark, a pioneer in launching ETF products in the United States and Asia Pacific.
- Is HashKey Capital’s third tracker fund, following the BTC ETF (3008.HK) and ETH ETF (3009.HK) it previously launched with Bosera.
- Is the first of many collaborations planned between HashKey Capital and Ripple to leverage HashKey Capital’s abilities in professional asset management and Ripple’s in blockchain technology and digital payments.
“We will extend HashKey Capital’s connections to financial institutions, regulators, and investors in Asia to Ripple. At the same time, Ripple offers us the opportunity to collaborate on more investment products and solutions across cross-border payment solutions, decentralized finance (DeFi), and enterprise blockchain adoption,” said Wong. She cited the possibility of tokenizing a money market fund on the XRP Ledger as an example of the many opportunities that are now possible with the partnership.”
“Institutional investors are eager to access regulated products worldwide, 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.
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