HashKey Capital Launches Asia’s First XRP Tracker Fund with Ripple’s Backing

HashKey Capital, the investment division of crypto infrastructure firm HashKey Group, has unveiled Asia’s first XRP tracker fund. Announced via an X (formerly Twitter) thread on April 18, the move aims to drive institutional adoption of XRP, one of the leading digital assets for cross-border payments.

Ripple, the company behind the XRP Ledger, is supporting the fund as an early investor, signaling strong confidence in its potential. The fund is tailored for professional and accredited investors and follows HashKey’s previous tracker funds focused on Bitcoin and Ethereum. According to HashKey, XRP was selected due to its growing adoption among global financial institutions and its proven use case in facilitating faster and more cost-efficient cross-border transactions compared to traditional systems like SWIFT.

Highlighting XRP’s performance in remittance and settlement markets, HashKey emphasized its strategic importance in the evolving digital asset ecosystem. The firm also noted that, pending further regulatory approval, this XRP tracker fund could be converted into a fully regulated exchange-traded fund (ETF) within one to two years. This would potentially open the door to broader participation from traditional investors and asset managers in the XRP market.

The announcement comes amid renewed interest in altcoins and follows a broader trend of institutions seeking exposure to blockchain-based payment solutions. As Ripple continues to expand its partnerships worldwide, HashKey’s XRP fund is positioned to serve as a gateway for institutional capital inflow into the XRP ecosystem.

The fund not only strengthens XRP’s investment profile but also reinforces Asia’s role in driving innovation and financial integration in the crypto space. Investors and industry watchers are keeping a close eye on how this move could shape the future of digital asset investment in the region.