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XRP to get major institutional adoption boost in Asia

In a recent X thread from April 18, HashKey Capital, the investment arm of cryptocurrency infrastructure developer HashKey Group, revealed that it is launching Asia's first tracker fund for the XRP token. As stated in the thread, Ripple supports the fund as an early investor. The fund is designed for professional investors and is expected to boost XRP's institutional adoption. It marks HashKey's third tracker fund, following those for Bitcoin and Ethereum; HashKey says that it chose XRP due to the existing use of XRP by institutions worldwide. "XRP is at the forefront of cross-border payments, enabling faster, cheaper, and more efficient transactions than traditional systems like SWIFT…" it wrote on social media. Additionally, HashKey stated that with additional regulatory approval, the XRP-based tracker fund could evolve into an ETF within one or two years.