XRP Tracker Fund to Be Available in Asia From HashKey With Ripple as Anchor Investor

HashKey Capital introduced what it says is the primary funding fund in Asia designed to monitor the efficiency of XRP, the digital asset used in Ripple’s international fee infrastructure.

The new fund, known as the HashKey XRP Tracker Fund, might be open to skilled traders and can permit publicity to XRP with out the necessity to handle the asset straight. It will provide the flexibility to purchase by means of money and in-kind subscriptions, and gives month-to-month liquidity.

Ripple might be an early backer of the fund. The funding deepens its strategic ties with HashKey, which already has Hong Kong-listed spot ETFs for bitcoin (BTC) and ether (ETH).

The firm will proceed to associate with Ripple on further monetary merchandise, Vivien Wong, a associate at HashKey Capital, stated in a press release. One risk consists of tokenizing a cash market fund on the XRP Ledger.

Ripple’s Asia-Pacific managing director Fiona Murray stated the partnership with HashKey is a part of a broader push to carry extra regulated crypto merchandise to establishments in the area.