Ripple backs new $XRP Tracker Fund by HashKey Capital, signaling institutional push in Asia
Crypto fund manager HashKey Capital announced Friday the launch of the HashKey XRP Tracker Fund, the first investment fund in Asia designed to track the performance of XRP.
The HashKey Tracker Fund will be available to professional investors who want exposure to XRP without direct ownership. It offers investors the ability to buy through cash or in-kind subscription and subscribe or redeem shares monthly.
According to a release shared exclusively with The Block, this is the first of many collaborations planned between HashKey Capital and Ripple. Ripple will be seeding the initial investment as its anchor investor.
"$XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value," said Vivien Wong, Partner, Liquid Funds at HashKey Capital, in the release. "With the first $XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets."
To the moon!