XRP Tracker Fund Goes Live in Asia—Ripple Drives Strategy as Investor and Trusted Advisor
Digital asset management firm Hashkey, a major player in Asia’s blockchain investment space, announced a significant fund launch on April 18 in Hong Kong. The firm introduced the Hashkey XRP Tracker Fund, which it described as “the first investment fund in Asia designed to track the performance of XRP.” Ripple will serve as an early investor.
Vivien Wong, partner for liquid funds at Hashkey, emphasized the fund’s relevance to institutional markets. “ XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value,” he stated, adding:
With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets.
Aimed at professional investors, the fund enables exposure to XRP without the need for direct crypto custody. XRP, now the third-largest cryptocurrency by market capitalization behind bitcoin and ethereum, is known for facilitating fast and cost-efficient cross-border payments.
The fund will allow investors to subscribe through either cash or in-kind contributions and permits monthly share redemptions. It is benchmarked by CF Benchmark, which has also played a role in introducing exchange-traded funds in the U.S. and Asia Pacific. The XRP Tracker joins Hashkey’s growing suite of investment products, including its bitcoin and ethereum exchange-traded funds launched in partnership with Bosera.
The launch of the XRP fund is part of a deeper collaboration between Hashkey and Ripple focused on blockchain-driven finance. Wong explained the broader strategic benefits: “We will extend HashKey Capital’s connections to financial institutions, regulators, and investors in Asia to Ripple. At the same time, Ripple offers us the opportunity to collaborate on more investment products and solutions across cross-border payment solutions, decentralized finance ( DeFi), and enterprise blockchain adoption.”
Fiona Murray, managing director for APAC at Ripple, shared a similar view:
Institutional investors are eager to access regulated products around the world, and this is exactly what the HashKey XRP Tracker Fund will deliver in the Asia-Pacific region.
“We’re looking forward to working with HashKey Capital – their prominence coupled with strong crypto traction here will be imperative to bolstering Asia’s leadership role in crypto and blockchain technologies,” the executive noted. Ripple will seed the fund with an initial investment as its anchor backer.
