James Richardson
In a major step forward for institutional crypto adoption in Asia, HashKey Capital has announced the launch of the HashKey XRP Tracker Fund—the region’s first fund specifically designed to follow XRP’s market performance.
Targeted at professional and institutional investors, the fund allows participants to gain exposure to XRP without directly holding the digital asset. Investors can subscribe using either cash or in-kind contributions, with monthly options available for both subscriptions and redemptions.
Ripple Joins as Anchor Investor in New Strategic Partnership
According to an exclusive statement shared with PRIME, this product marks the beginning of a broader collaboration between HashKey Capital and Ripple. Ripple will act as the anchor investor, seeding the fund’s initial capital.
“XRP continues to demonstrate remarkable utility in global finance, enabling efficient transactions, tokenization, and value storage,” said Vivien Wong, Partner of Liquid Funds at HashKey Capital. “With this new tracker fund, we are making access to XRP investment simpler and more structured for the Asian market.”
Expanding Product Offerings Across Asia’s Regulated Crypto Market
The XRP Tracker Fund becomes the third digital asset tracker in HashKey Capital’s growing portfolio, which already includes the Bosera HashKey Bitcoin and Ethereum spot ETFs listed on the Hong Kong Stock Exchange.
Wong emphasized that the company will use its regional network to extend Ripple’s footprint in Asia, stating:
“This partnership allows us to jointly explore future products in DeFi, cross-border payments, and enterprise blockchain applications.”
Ripple Eyes Institutional Growth in Asia-Pacific
Ripple’s APAC Managing Director Fiona Murray expressed enthusiasm for the collaboration, noting that the partnership will deliver regulated investment products tailored for institutional clients.
“There’s a growing appetite for compliant crypto funds worldwide,” Murray noted. “By joining forces with HashKey Capital—one of Asia’s most reputable digital asset managers—we aim to enhance the region’s leadership in blockchain innovation.”
XRP ETF Speculation Builds Ahead of SEC Decision
As of now, XRP ranks as the third-largest cryptocurrency with a market cap of approximately $121 billion, according to PRIME.
Investor excitement is also mounting over the potential approval of spot XRP ETFs in the United States. With Standard Chartered predicting up to $8 billion in inflows following a potential Q3 approval, the market is closely watching regulatory developments. The SEC is expected to respond to Grayscale’s XRP ETF application by May 22, with at least seven firms competing to bring such a product to market.
