The first XRP tracking fund in Asia is officially launched, operated by HashKey Capital and endorsed by Ripple. This is not just a simple product release, but an important signal for the institutionalization of XRP.
Why is it worth paying attention to?
Can XRP become the next generation 'international settlement language'? HashKey gives a positive answer. Compared to SWIFT, XRP transfers are received within seconds with low fees, making it particularly suitable for cross-border settlements. This also explains why Ripple strongly supports HashKey in jointly promoting the tokenization exploration of real-world assets with XRP.
The favorable points for the cryptocurrency space are:
XRP is gradually breaking regulatory shackles, the SEC case in the United States is nearing its end, and market confidence is recovering; professional institutions are beginning to enter the market, not only with tracking funds, but potentially leading to ETFs in the future, paving the way for large funds; the combination of real-world assets and the XRP ledger is the next potential track.
Of course, don't forget the risks: everything still depends on the speed of subsequent regulatory approvals, and project implementation is not a one-time success.
In summary: This is an important leap for XRP towards compliance and institutionalization. Whether to follow or not depends on whether you believe this cross-border payment revolution can create even bigger waves.