{"id":22687,"date":"2025-04-18T09:47:02","date_gmt":"2025-04-18T09:47:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22687"},"modified":"2025-04-18T09:47:02","modified_gmt":"2025-04-18T09:47:02","slug":"hashkey-takes-aim-at-xrp-etf-in-asia-with-new-fund-backed-by-ripple","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22687","title":{"rendered":"Hashkey takes aim at XRP ETF in Asia with new fund backed by Ripple"},"content":{"rendered":"
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\"Hashkey<\/p>\n

Hong Kong-based crypto investment firm HashKey Capital announced the launch of an XRP fund, with plans to convert it into an exchange-traded fund (ETF) in the future.<\/p>\n

According to an April 18 announcement<\/a>, the fund, officially titled the HashKey XRP Tracker Fund, is reportedly \u201cthe first investment fund in Asia designed to track the performance of XRP.\u201d<\/p>\n

XRP developer Ripple<\/a> will serve as the fund\u2019s anchor investor. In a separate X post<\/a>, HashKey Capital said the fund aims to bring \u201cmore institutional capital into regulated XRP products and the broader digital asset ecosystem.\u201d<\/p>\n

Close collaboration with Ripple<\/h2>\n

In another X post<\/a>, HashKey Capital said the fund marks the beginning of a closer collaboration with Ripple. The two firms \u201care exploring new investment products, cross-border DeFi solutions, and tokenization \u2014including the possibility of launching a money market fund (MMF) on the XRP ledger.\u201d<\/p>\n

Related: <\/strong><\/em>Ripple vs. XRP vs. XRP Ledger: What\u2019s the difference?<\/strong><\/em><\/a><\/p>\n

In the announcement, HashKey Capital partner Vivien Wong said the firm will share its connections with financial institutions, regulators and investors in Asia with Ripple, adding: <\/p>\n

\u201cRipple offers us the opportunity to collaborate on more investment products and solutions across cross-border payment solutions, decentralized finance (DeFi), and enterprise blockchain adoption.\u201d<\/p><\/blockquote>\n

A Hong Kong XRP ETF in the works?<\/h2>\n

The XRP (XRP<\/a>) Tracker Fund is HashKey Capital\u2019s third tracker fund and follows the firm\u2019s Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) ETF products. The company noted that this product may also become an ETF in the future.<\/p>\n

\"Hashkey
Source: <\/em>HashKey Capital<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>XRP: Why it\u2019s outperforming altcoins \u2014 and what comes next<\/strong><\/em><\/a><\/p>\n

A boon for XRP\u2019s institutional adoption in Asia<\/h2>\n

Hank Huang, CEO of Cronos Research, a crypto investment firm based in Asia, told Cointelegraph that \u201cthe launch of the XRP Tracker Fund by HashKey Capital marks a pivotal moment for institutional adoption\u201d in the region. He said regulated and transparent products like Hashkey\u2019s fund are what institutional investors need to enter the market. <\/p>\n

\u201cXRP\u2019s proven use case in cross-border payments, combined with HashKey\u2019s robust infrastructure, sets the stage for meaningful capital inflows and wider acceptance of crypto assets in global finance,\u201c Huang said.<\/p>\n

Magazine: <\/strong><\/em>XRP win leaves Ripple and industry with no crypto legal precedent set<\/strong><\/em><\/a><\/p>\n