Ripple-Backed XRP Fund Arrives in Asia — HashKey Unlocks Institutional Access

HashKey Capital is making waves in the digital asset world by launching Asia’s first XRP Tracker Fund — a bold move supported by Ripple itself. As institutional interest in altcoins grows beyond Bitcoin and Ethereum, XRP is finally entering the spotlight with structured exposure for professional investors.

A Landmark Move for XRP in Asia

Announced on April 18, the XRP Tracker Fund from HashKey Capital, one of Asia’s leading digital asset managers, is designed to offer regulated, secure, and liquid exposure to XRP — the native asset of the XRP Ledger, best known for its fast and low-cost cross-border payments.

Ripple, the company behind XRP’s enterprise adoption, is backing the initiative as an early investor and strategic partner. This support underscores Ripple’s expanding focus on institutional-grade financial instruments in Asia — one of the fastest-growing crypto markets globally.

“This fund is a gateway for professional investors in Asia to access XRP without needing to navigate complex wallet setups or custody concerns,” said a HashKey spokesperson in the official press release.

Institutional-Grade Design with Monthly Access

Unlike ETFs or crypto exchanges that offer real-time exposure, the XRP Tracker Fund is structured with monthly subscription and redemption windows, targeting professional and institutional investors who seek long-term XRP exposure within a compliant framework.

• Benchmark: The fund tracks the CF Benchmarks XRP Index, a globally recognized digital asset index provider regulated by the UK FCA.

• Investment Options: Investors can subscribe or redeem in cash or XRP, making it flexible for both traditional asset managers and crypto-native firms.

• Custody & Compliance: The fund benefits from regulated custody infrastructure provided by HashKey’s Hong Kong-licensed entities, ensuring adherence to Asia’s evolving digital asset regulations.

Ripple and HashKey Strengthen Strategic Collaboration

While Ripple has previously backed XRP-focused funds in the U.S. and Europe, this initiative marks its first major institutional XRP play in Asia. The move is part of a broader collaboration between Ripple and HashKey to develop digital asset investment products, particularly in sectors like:

• Cross-border payments

• Enterprise blockchain infrastructure

• DeFi and tokenized finance

This partnership also follows Ripple’s strategic push into the Asia-Pacific region — one of its strongest corridors for ODL (On-Demand Liquidity) services, with deep traction in countries like Japan, the Philippines, and Singapore.

Why This Fund Matters Now

The XRP Tracker Fund couldn’t come at a more pivotal time. XRP is regaining momentum after a turbulent 2023 and a partial legal win against the U.S. SEC. With institutional capital re-entering crypto and altcoins gaining renewed attention, structured XRP exposure offers a compelling narrative.

Moreover, this is the first XRP-focused institutional product in Asia, creating new competitive dynamics in a region that has already embraced spot crypto ETFs (including Solana and Bitcoin in Hong Kong and Canada).

Financial analysts suggest that if adoption of the fund scales, it could improve XRP’s liquidity, legitimacy, and volatility profile — factors often cited by institutional allocators as barriers to altcoin investment.

Conclusion

HashKey Capital’s XRP Tracker Fund is more than just a financial product — it’s a signal. With Ripple’s support, regulated exposure to XRP is now reaching Asian markets in a compliant, investor-friendly format. As global institutions look beyond Bitcoin and Ethereum, XRP is being quietly but confidently positioned for a seat at the institutional table.

If this is the first domino, more altcoin-focused funds could soon follow, and Asia may just lead the charge.

FAQs

What is the XRP Tracker Fund by HashKey Capital?

It’s Asia’s first institutional-grade fund offering exposure to XRP, supported by Ripple. It allows monthly subscriptions and redemptions in cash or XRP.

Who can invest in the XRP Tracker Fund?

The fund is designed for professional and institutional investors seeking compliant exposure to XRP without dealing with custody or wallet complexities.

Why is Ripple involved in this fund?

Ripple is an early investor and strategic partner, supporting institutional adoption of XRP through regulated financial products like this tracker fund.

How is the fund benchmarked?

It uses the CF Benchmarks XRP Index, a UK FCA-regulated crypto index that tracks the market performance of XRP.

Is this fund the same as an ETF?

Not exactly. Unlike real-time traded ETFs, this is a tracker fund with monthly windows for subscription and redemption, tailored for long-term investors.

Glossary of Key Terms

XRP: The native digital asset of the XRP Ledger, designed for fast and low-cost cross-border payments.

HashKey Capital: A leading digital asset investment firm in Asia, licensed to operate in Hong Kong and other regulated markets.

Tracker Fund: A type of fund that aims to replicate the performance of a specific asset or index, in this case, XRP.

CF Benchmarks: A regulated crypto index provider that supplies benchmark indices used in ETFs, derivatives, and funds.

On-Demand Liquidity (ODL): A RippleNet service that uses XRP as a bridge asset to enable instant cross-border payments.

Institutional Investors: Organizations or high-net-worth individuals who invest large sums in capital markets under regulated frameworks.

Custody: Secure storage of digital assets, typically provided by licensed third-party institutions for institutional investors.

Redemption: The process of withdrawing or converting fund shares back into cash or underlying assets.

Sources:

Crypto Times

​HashKeyGroup

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