HashKey Capital launches the first-ever Asia-Pacific XRP tracker fund backed by Ripple, simplifying institutional access to XRP for cross-border payments and crypto investing in Asia.
HashKey Capital has announced the launch of its first investment fund in Asia designed to track the performance of XRP, the digital asset used in Ripple‘s global payment infrastructure.
Ripple is a real-time gross settlement system (RTGS) and currency exchange, and remittance network.
It was founded in 2012 by Chris Larsen and Jed McCaleb.
Ripple's native cryptocurrency is XRP, which is used to facilitate transactions on the network.
Ripple uses a consensus protocol called the Ripple Protocol, which allows for fast and secure transactions.
The network has gained popularity among banks and financial institutions due to its efficiency and low transaction fees.
The new fund, called the HashKey XRP Tracker Fund, will be open to professional investors and will allow exposure to XRP without the need for direct management. This simplifies institutional access to XRP for cross-border payments and crypto investing in Asia.
XRP, also known as Ripple, is a fast and low-cost cryptocurrency for global payments.
It was created in 2012 by 'Jed McCaleb, Chris Larsen, and Arthur Britto' to facilitate cross-border transactions.
XRP has a unique consensus mechanism called the Ripple Protocol, which enables secure and efficient processing of transactions.
With over 100 financial institutions partnering with Ripple, XRP is widely used for international money transfers.
-
Open to professional investors
-
Offers monthly liquidity
-
Allows exposure to XRP without direct management
-
Can be bought through cash and in-kind subscriptions
Ripple will be an early backer of the fund, deepening its strategic ties with HashKey Capital. The company has already listed Hong Kong spot ETFs for bitcoin (BTC) and ether (ETH). The partnership will continue to explore additional financial products, such as tokenizing a money market fund on the XRP Ledger.
-
‘The partnership with Ripple is part of a broader push to bring more regulated crypto products to institutions in the region.’ – Fiona Murray, Asia-Pacific managing director at Ripple
-
‘We will continue to partner with Ripple on additional financial products, including tokenizing a money market fund on the XRP Ledger.’ – Vivien Wong, partner at HashKey Capital
The launch of the HashKey XRP Tracker Fund is part of a broader effort by Ripple and its partners to bring more regulated crypto products to institutions in Asia. This move aims to increase access to XRP and other digital assets for cross-border payments and crypto investing.
As the cryptocurrency market continues to evolve, it will be interesting to see how this partnership between HashKey Capital and Ripple unfolds. With the launch of the first Asian XRP tracker fund, institutional investors now have a new way to access XRP without direct management.
