📢 Ripple Takes Asia By Storm With New XRP Product 💰

Ripple is again breaking into the Asia market with a new XRP product, which would help drive institutional adoption. This move has been made in partnership with HashKey Capital, which launched this fund in order to expand institutional access to the altcoin.

Ripple Invests In HashKey’s XRP Product

In an X post, Hashkey Capital announced that it is launching Asia’s first XRP Tracker Fund with Ripple as an early investor. The asset manager noted that this move represents a significant step in expanding institutional access to XRP.

The firm further stated that it chose XRP because the altcoin is at the forefront of cross-border payments, thanks to Ripple’s payment services, and enables faster, cheaper, and more efficient transactions than traditional systems, such as SWIFT. XRP is also enabling the tokenization of Real World Assets (RWAs) on its native blockchain, the XRP Ledger (XRPL).

HashKey added that financial institutions and enterprises worldwide are already using XRP. Beyond the XRP Tracker Fund, HashKey Capital and Ripple are also partnering to explore new investment products, cross-border DeFi solutions, and tokenization. This includes the potential launch of a money market fund (MMF) on the XRPL.

Ripple continues to make moves to boost XRP’s adoption. The crypto firm recently agreed to acquire prime broker Hidden Road for $1.25 billion, one of the largest deals in crypto history. Through this acquisition, the crypto firm aims to boost XRP and the RLUSD’s utility as it looks to make its mark in both the traditional finance (TradFi) and decentralized finance (DeFi) space.

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