Hashkey Capital announced what it says is the first investment fund in Asia designed to track the performance of XRP, the digital asset used in Ripple’s global payment infrastructure.
The new fund, called HashKey XRP Tracker Fund, will be open to professional investors and will allow for exposure to XRP without the need to manage the asset directly. It will offer the opportunity to buy through cash and natural subscriptions and offers monthly liquidity.
Ripple will be an early backman of the fund. The investment elaborates its strategic ties with Hashkey, which already has Hong Kong -noted Spot-ETFs for Bitcoin (BTC) and Ether (ETH).
The company will continue to cooperate with Ripple on additional financial products, Vivien Wong, a partner in Hashkey Capital, said in a statement. An option includes tokenization of a money market fund on the XRP headbook.
Ripple’s CEO Fiona Murray Asia-Stophavet said the partnership with Hashkey is part of a wider push to bring more regulated crypto products to institutions in the region.
