Key Takeaways
- HashKey Capital has launched Asia’s first XRP Tracker Fund
- Ripple will serve as the anchor investor in the fund
- The fund provides regulated XRP exposure without self-custody requirements
- Professional investors can participate through monthly subscriptions
- HashKey and Ripple plan to collaborate on future blockchain initiatives
Breaking New Ground in Asian Crypto Investment
With a 124-108 win—or rather, with a groundbreaking announcement on April 18, 2025, HashKey Capital has positioned itself at the forefront of institutional crypto investment in Asia. The launch of the region’s first XRP Tracker Fund represents a significant milestone in bridging traditional finance with digital assets, giving professional investors regulated exposure to one of cryptocurrency’s established players.
The fund offers a direct path to XRP investment without the complications of self-custody—a hurdle that has historically kept many institutional investors on the crypto sidelines. By mirroring XRP’s price movements, the tracker fund provides a more familiar investment vehicle for traditional finance participants.
Strategic Positioning in the Digital Asset Space
The XRP Tracker Fund isn’t HashKey’s first foray into regulated crypto products. It joins the company’s existing Bitcoin and Ethereum ETFs already trading on the Hong Kong Stock Exchange, completing a trifecta of offerings focused on major digital assets.
“XRP stands out as one of the most innovative cryptocurrencies in the market, attracting global enterprises who use it to transact, tokenize, and store value,” said Vivien Wong, Partner at HashKey Capital. The tracker fund uses pricing data from CF Benchmark, an established index provider whose metrics are utilized in ETF products throughout the U.S. and Asia-Pacific region.
Ripple’s Expanding Ecosystem
Ripple’s participation as anchor investor comes at a pivotal moment for the company. Recent developments include a 60-day pause in SEC appeal proceedings to facilitate settlement discussions, integration of the RLUSD stablecoin into its network, and the strategic acquisition of trading firm Hidden Road.
The partnership extends beyond the tracker fund, with HashKey and Ripple planning collaborative projects in tokenization, decentralized finance, and cross-border payments. One potential initiative includes a money market fund based on the XRP Ledger.
Market Implications and Accessibility
Shares in the fund will be available through monthly subscriptions and redemptions, accommodating both cash and in-kind contributions. This structured approach provides the flexibility professional investors typically expect from traditional financial products while offering exposure to the digital asset class.
The bigger test for this innovative product will come as institutional investors evaluate its performance against direct cryptocurrency holdings and competing investment vehicles in the rapidly evolving digital asset landscape.