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By Francisco Rodrigues|Edited by Sheldon Reback
Apr 18, 2025, 8:11 a.m.
- 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.
STORY CONTINUES BELOW
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.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
