A new pathway for professional investors in Asia to gain exposure to XRP has opened, as HashKey Capital introduces the region’s first XRP Tracker Fund. This regulated investment vehicle allows participation in XRP’s price movements without the complexities of direct asset ownership.
The fund, unveiled on April 18th, represents a significant step in merging traditional financial structures with the burgeoning digital asset market. It is designed to directly mirror the performance of XRP, the cryptocurrency underpinning Ripple’s payment network. Highlighting the project’s significance, Ripple itself is participating as the anchor investor.
For institutional players keen on crypto markets, managing self-custody presents a major hurdle. This tracker fund directly addresses that concern, offering a more straightforward and secure investment route. Vivien Wong, a Partner at HashKey Capital, highlighted XRP’s role, stating it is “one of the most innovative digital assets today,” and noted the fund aims to meet regional demand by simplifying access.
Wong elaborated: “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.”
This launch adds to HashKey’s growing suite of digital asset products, which already includes Bitcoin and Ethereum exchange-traded funds listed on the Hong Kong Stock Exchange. Investors can access the XRP fund through monthly subscriptions and redemptions, payable in either cash or via in-kind contributions. Pricing relies on data from CF Benchmark, a respected index provider frequently used in ETF products globally.
Looking ahead, HashKey and Ripple intend to deepen their partnership. Plans include collaborative development in areas like crypto asset tokenization, decentralized finance (DeFi), and cross-border payment solutions. Wong suggested potential future projects, such as a money market fund built on the XRP Ledger, offering new avenues for those exploring cryptocurrency trading for beginners and seasoned investors alike.
The fund’s debut coincides with notable developments for Ripple. The company and the U.S. SEC recently agreed to a temporary pause in their ongoing legal appeal proceedings to explore settlement possibilities. Ripple has also been actively expanding, integrating its RLUSD stablecoin and acquiring the trading firm Hidden Road, known for processing substantial daily trading volumes.