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Hashkey Capital has launched the first Asian Fund of the XRP Tracker, providing professional investors regulated ways to obtain an XRP exposure without direct assets.
Fund launch, announced In a statement for the public, April 18 marks the latest pressure for the unification of traditional finances with digital assets. The XRP Tracker Fund will mirror the price of the XRP, the original token of the Ripple Payment network (XRP). Ripple, a established player in Blockchain cross -border transfers, will serve as an anchor investor.
The Fund offers a simpler and safer way to invest in XRP without the need to resolve confidence, which has become a major concern for institutional players interested in the cryptocurrency market. Vivien Wong, a partner at Hashkey Capital, described XRP as “one of the most innovative digital assets today”, adding that the new fund will simplify access to property in the region.
“XRP stands out as one of the most innovative crypto currencies in today’s market, attracting global companies using it for transaction, tokening and storage of values. With the first XRP Tracker Fund, we simplify access to XRP, catering for demand for investment capabilities.
– Vivien Wong, Partner at Hashkey Capital
The Tracker Fund is the third product for the HashKey digital property, following Bitcoin (BTC) and Ethereum (ETH) exchanges that are already trading on the HONG KONG Stock Exchange. Stocks at the XRP Fund will be available through monthly subscriptions and purchases, either through cash contributions or in Natura. It will use prices from CF Benchmark, a well-known index supplier used in ETF products across the US and Asian-Pacific.
In addition to the Fund, Ripple and Hashkey are planning to join in several projects in the future. Two companies together will work on the development of new products in tokenization, decentralized finances and cross -border payments, including possible projects such as the money market fund based on the XRP bookkeeping book, Wong said.
Starting comes at a key moment for Ripple. The US court recently approved a joint proposal for Ripple and SEC for a 60-day break in their appeal proceedings to facilitate settlement discussions. Ripple also expanded its services, including integrating Rlusd Stablecoin into its network and acquiring the Hidden Road trading company, which processes more than $ 10 billion in the daily trading volume.
