HashKey Capital Launches Asias First XRP Tracker Fund

HashKey Capital, a company specializing in crypto financial services, has announced the launch of the HashKey XRP Tracker — the first exchange-traded fund in Asia that tracks the value of XRP.

Ripple has participated as one of the initial investors.

The HashKey XRP Tracker is designed for professional market participants, allowing them to invest in XRP without the complexities associated with direct ownership of the asset.

According to representatives from HashKey Capital, the token distinguishes itself among other cryptocurrencies due to its innovation and popularity with international firms. The fund simplifies access to the asset and paves the way for investors into the digital payments sector.

The HashKey XRP Tracker is the third fund in HashKey Capital’s lineup. Previously, the company launched ETFs based on Bitcoin and Ethereum.

Investors can contribute funds in cash or in the form of digital assets and can redeem or issue fund shares on a monthly basis. The fund’s benchmark is based on the CF Benchmark index.

Ripple plans to broaden its collaboration with HashKey Capital, aiming to create new investment products built on blockchain technology. One potential avenue is the tokenization of funds on the XRP Ledger platform.

As a reminder, in April, the asset management firm Teucrium Investment Advisors introduced the first XRP ETF in the US.