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HashKey Capital to Debut Asian XRP Tracker Fund With Ripple as Anchor Investor
The fund aims to simplify institutional access to XRP for cross-border payments, crypto investing in Asia.
Updated Apr 18, 2025, 2:55 p.m. Published Apr 18, 2025, 8:11 a.m.
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What to know:
- HashKey Capital announced an XRP Tracker Fund, the first such tracker in Asia.
- The fund will be open to professional investors, offering exposure to XRP without direct management while providing monthly liquidity.
- Ripple, which uses XRP in its payments ecosystem, is an early backer of the fund and plans to collaborate with HashKey on future financial products.
HashKey Capital announced what it says is the first investment fund in Asia designed to track the performance of XRP, the digital asset used in Ripple’s global payment infrastructure.
The new fund, called the HashKey XRP Tracker Fund, will be open to professional investors and will allow exposure to XRP without the need to manage the asset directly. It will offer the ability to buy through cash and in-kind subscriptions, and offers monthly liquidity.
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Ripple will be an early backer of the fund. The investment deepens its strategic ties with HashKey, which already has Hong Kong-listed spot ETFs for bitcoin (BTC) and ether (ETH).
The company will continue to partner with Ripple on additional financial products, Vivien Wong, a partner at HashKey Capital, said in a statement. One possibility includes tokenizing a money market fund on the XRP Ledger.
Ripple’s Asia-Pacific managing director Fiona Murray said the partnership with HashKey is part of a broader push to bring more regulated crypto products to institutions in the region.
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