- HashKey Capital launches first XRP Tracker Fund in Asia, expanding institutional investment
- Ripple-backed XRP Tracker Fund gives professional investors exposure to XRP without ownership complexities
- XRP adoption strengthens in Asia as HashKey introduces region’s first institutional XRP fund
XRP may see significant adoption by Asian institutional investors with Ripple’s next move in the region. Just today, crypto fund manager HashKey Capital announced the “HashKey XRP Tracker”, an independent fund designed to track the performance of $XRP.
This development marks the first XRP tracker fund in Asia, and will allow institutional investors to gain exposure to the digital asset without actually owning XRP. Furthermore, this fund aligns with the increasing demand for institutional-grade crypto investment solutions.
“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,” Vivien Wong, Partner, Liquid Funds at HashKey Capital said. “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.”
HashKey states that this is only the “first of many collaborations” between the firm and Ripple, and that it will look to leverage its expertise in fund management with Ripple’s expanding blockchain and digital payment solutions.
The Hong Kong-based virtual assets digital assets manager also claims that it intends to use its influence in the eastern hemisphere to help increase XRP and RLUSD adoption—connecting the digital assets with DeFi companies, regulators, and investors in Asia.
Wong also hinted at the possibility of using the XRP Ledger to tokenize a money market fund (MMF), highlighting an emerging opportunity to integrate traditional finance with blockchain technology. Tokenizing an MMF on the XRP Ledger would involve converting shares of a money market fund into digital tokens, allowing for real-time settlement, enhanced transparency, and broader accessibility for institutional and retail investors.
This move would fall in line with the theory that Ripple aims to lead the “tokenization-as-a-service” revolution, positioning XRP, the cryptocurrency, and the XRP Ledger (XRPL) as foundational tools for institutional asset tokenization around the world.
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