HashKey Capital Unveils Asia’s First XRP Tracker Fund with Ripple Support

Highlights:

• HashKey Capital’s XRP Tracker Fund aims to attract global investment in XRP.
• The fund may evolve into an ETF within one to two years, pending approval.
• Ripple and HashKey are collaborating on tokenizing real-world assets and DeFi projects.

HashKey Capital, a crypto investment company based in Hong Kong, has started a new investment fund focused on XRP, a popular cryptocurrency. In the future, they plan to turn this fund into an exchange-traded fund (ETF), which would make it easier for more people to invest in XRP through the stock market.

On April 18, HashKey announced the launch of the HashKey XRP Tracker Fund. It markes the first fund in Asia specifically designed to track the price and performance of XRP. Ripple, the company behind XRP, will be the main investor in the new fund.

HashKey Capital has officially launched 𝗔𝘀𝗶𝗮’𝘀 𝗙𝗶𝗿𝘀𝘁 𝗫𝗥𝗣 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗙𝘂𝗻𝗱 with 𝗥𝗶𝗽𝗽𝗹𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 @Ripple , providing professional investors with a new way to access XRP, one of the world’s leading digital assets! 🚀

🌍 𝗫𝗥𝗣, as a key tool… pic.twitter.com/OV0iYnxFKg

— HashKey Group (@HashKeyGroup) April 18, 2025

HashKey Capital Seeks to Draw Major Investors to XRP

HashKey Capital said the goal of the fund is to attract more big investors to XRP and other digital assets that follow official rules and regulations. The company highlighted XRP’s key role in enabling faster and cheaper cross-border payments. This benefits banks, financial institutions, and enterprises. The company’s goal is to connect traditional finance (TradFi) with the Web3 ecosystem.

In the announcement, Partner of Liquid Funds at HashKey Capital, Vivien Wong, stated:

“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting enterprises from around the world who use it to transact, tokenize, and store value. With the first XRP Tracker Fund available in the region, we simplify access to XRP.”

In another post on X, HashKey Capital said the fund is the start of a stronger partnership with Ripple. The two companies are working together on new investment ideas, global DeFi (decentralized finance) projects, and turning real-world assets into digital tokens. They’re also thinking about creating a money market fund (MMF) using the XRP Ledger.

4/ A strategic partnership with Ripple

Beyond the fund, HashKey Capital & Ripple are exploring new investment products, cross-border DeFi solutions, and tokenization—including the possibility of launching a money market fund (MMF) on the XRP Ledger.

— HashKey Capital (@HashKey_Capital) April 18, 2025

HashKey XRP Tracker Fund May Evolve into an ETF

Fiona Murray, Managing Director APAC at Ripple, highlighted that institutional investors are eager for regulated products worldwide. The HashKey XRP Tracker Fund is designed to address this demand in the Asia-Pacific region, currently operating as a private tracker fund tailored for professional investors.

However, HashKey Capital suggested it could evolve into a fully-fledged exchange-traded fund within one to two years, pending regulatory approvals. The XRP Tracker Fund is HashKey Capital’s third tracker fund, joining their previously launched Bitcoin and Ether ETF products.

HashKey’s decision highlights growing institutional interest in XRP. Recently, several US firms, including Bitwise, Grayscale, Canary Capital, and WisdomTree, filed applications for a spot XRP ETF. Commission (SEC) has acknowledged these applications, unlike in previous years when they were rejected. Moreover, the introduction of several XRP-related financial investment products has boosted expectations for a future ETF launch.