HashKey Capital, a digital asset management company headquartered in Hong Kong, announced the launch of a new investment product focused on XRP, showing a strategic stage of increasing institutional exposure to the largest password assets with its market cap in Asia.
Called HashKey XRP Tracker Fund, this product is the first investment vehicle in the region, specially designed to reflect the market performance of XRP. The company also said it plans to develop funds into ETF (Exchange-Traded Fund).
Asia’s first XRP tracker fund’s goal
According to the April 18 announcement, RIPPLE will be an anchor investor of the Tracing Fund and will strengthen the partnership between the blockchain company and HashKey.
HashKey Capital starts the first XRP tracker fund in Asia. @ripple As an early investor.
This is the main stage of expanding the institutional approach to XRP, the third largest token, with its market cap. 🧵 🧵
-HashKey Capital (@HashKey_capital) April 18, 2025
This initiative aims to attract regulatory capital capital to Altcoin’s ecosystem and to expand the accessibility of digital asset investors in the area. HashKey pointed out that new funds coincide with continuous efforts to comply with the regulatory market and to create passwords.
HashKey Capital said that in addition to starting a tracker fund, the company and Ripple are deepening collaboration. The company is currently seeking to develop additional investment products and financial infrastructure that utilizes the director of XRP.
These discussions include the potential launch of MMF (Money Market Fund) and creating a Dorder Dorder Decentralized Finance (MMF) tokenization of the XRP blockchain.
Cooperation with Ripple and future product expansion
Vivien Wong, a partner of HashKey Capital, pointed out that collaboration will expand beyond financial investment. She said the company will contribute to the local financial institutions, regulators and investors’ networks to support Ripple’s extensive goals.
WONG emphasized that it supports Ripple’s initiatives in adopting financial and corporate blockchains that have been dispersed. The XRP tracker fund has become the third tracker fund of HashKey portfolio, depending on the product similar to Bitcoin and Etherrium.
3/ A is not the first in Asia, but not the last
The XRP tracker fund is the third tracker fund of HashKey Capital according to Bitcoin and Etherum ETF.
The regulatory approval can develop into ETFs in the next 1-2 years, making the institutional approach more wider.
-HashKey Capital (@HashKey_capital) April 18, 2025
These products reflect the company’s strategy to provide institutional grade access to major digital assets. In this stage, it is not ETF, but HashKey pointed out that the XRP fund can convert the ETF structure to withhold regulatory development and investor demand.
The introduction of regional XRP funds supported by Ripple is increasing interest in bringing traditional financial frameworks to the Asian encryption market. Interestingly, the price of the XRP was ignorant of the news as the assets did not rise and the assets traded at $ 2.08 were reduced by 1.2%.
Chart of TradingView, a major image made of dall-e
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