Digital asset manager HashKey Capital has announced the launch
of Asia’s first XRP tracking fund, reinforcing its strategy aimed at the institutional market. The new product officially debuted on April 18 and is directly supported by Ripple, the company responsible for developing the XRP Ledger.
Focused on institutional exposure to XRP, the fund is structured to track the asset’s performance without requiring investors to directly own cryptocurrencies or face the operational risks common to exchanges. XRP is known for its cross-border payments functionality, offering liquidity and agility at reduced costs.
Fiona Murray, Ripple’s Managing Director for Asia Pacific, also commented on the launch: “Institutional investors are eager to access regulated products across the globe, and that is exactly what the HashKey XRP Tracker Fund will offer in the Asia Pacific region.”
This is the third tracking product from HashKey Capital, which previously launched Bitcoin (3008.HK) and Ethereum (3009.HK) ETFs in partnership with Bosera. The joint strategy aims to offer regulated alternatives for institutional investors who prefer to avoid direct custody of assets or the use of cryptocurrency exchanges.
The creation of the fund comes at a time of growing interest from Asian institutions in diversifying into digital assets. HashKey, which already has a strong presence in Hong Kong, strengthens its position as a bridge between the traditional investment sector and the cryptocurrency market.
At the time of publication, the price of XRP was quoted at $2.08 with a drop of 1% in the last 24 hours.