Hong Kong-based HashKey Capital has introduced Asia’s first XRP Tracker Fund, marking a significant step in expanding institutional access to XRP, a cryptocurrency widely used for cross-border payments. The fund, officially launched on April 18, 2025, is backed by Ripple, the company behind the XRP Ledger, and aims to simplify investment in XRP by removing the complexities associated with direct crypto holdings.
Institutional Adoption and Market Positioning
The HashKey XRP Tracker Fund is designed to replicate the performance of XRP, allowing professional investors to gain exposure to the asset without managing wallets or private keys. The fund offers monthly liquidity, enabling investors to enter or exit positions using cash or in-kind XRP subscriptions.
XRP has emerged as the third-largest cryptocurrency by market capitalization, following Bitcoin and Ethereum, due to its efficiency in facilitating fast, low-cost international transactions. Financial institutions across Asia are increasingly exploring digital assets as part of their diversification strategies, and the launch of this fund aligns with growing institutional demand for regulated crypto investment products.
Ripple’s involvement as an anchor investor underscores the fund’s credibility and long-term vision. The partnership between HashKey Capital and Ripple extends beyond this fund, with plans to develop additional investment products, including tokenized money market funds on the XRP Ledger.
Shogun Lin
