šØ The first tracking fund for
#xrp in Asia šÆšµ with direct support from Ripple!
š° News:
HashKey Capital has announced the launch of the first dedicated tracking fund for XRP in Asia, a move that enhances the status of
$XRP as a global financial hub!
āø»
ā What is an XRP tracking fund?
A financial fund that mimics the performance of XRP's price, allowing institutions to invest easily:
š¢ If XRP's price rises? ā The fund's value increases.
š“ If XRP's price falls? ā The fund's value decreases.
šš» Features:
š”ļø Security: No need to deal directly with digital assets.
āļø Legal regulation: Subject to oversight by financial authorities.
šø Flexibility: Subscription and withdrawal possible monthly (in cash or in XRP).
āø»
š Why XRP specifically?
The strongest digital asset for the global financial infrastructure:
ā” Transfer speed: Just seconds compared to days with SWIFT
šø Minimal fees: Almost negligible
š¦ Institutional adoption: From major banks around the world
šļø Tokenization of assets: Supporting the conversion of real estate and assets into digital tokens on
#XRPLEDGER āø»
š¤ What is Ripple's role in this deal?
Direct financial contribution to the fund's launch š
Future strategic partnership includes:
š¹Cross-border DeFi solutions.
š¹Asset tokenization projects.
š¹Money Market Fund coming soon.