Hashkey launch the first XRP Fund in Asia with Ripple’s backing

XRP is a great start to April. First, there was a hope that Ripple’s long legal struggle with the SEC could end soon. Then there was a 2x XRP ETF starting of Teucrium. Now even greater news-hashkey Capital, based in Hong Kong, was launched by the first Asian Fund XRP Tracker ..

This shows the growing interest that XRP becomes more accessible to professional and institutional investors.

Hashkey Capital launches the XRP Fund Tracker

Hashkey Capital, a large cryptocurrency company based in Hong Kong, has announced a new fund that makes it easier for professional investors to invest in XRP.

This fund follows the price of the XRP, so that investors do not need to manage their wallets or take care of the purchase and storage of cryptocurrencies. The fund is designed for those who want to get an XRP exposure without dealing with technical parts of the cryptocurrency.

Why xrp?

Vivien Wong of Hashkey said XRP is one of the most useful digital coins because it allows people to send money across the borders. Unlike older systems like Swift, XRP helps move the money per second with much lower fees.

It is already used by banks and companies in different parts of the world. In addition, the XRP book facilitates the tokenization of property in the real world, which is currently a big trend in digital space.

Tracker Fund today, ETF tomorrow?

This is not the first crry fund hashkey, but they have similar funds for Bitcoin and Ethereum. But it’s the first XRP Tracker in Asia. If everything goes well and the regulators give the green light, this fund could become a complete XRP ETF in the next year or two, making it even more affordable large investors.

Ripple and hashkey growing partnership

Ripple is not only invested in the fund but also they Association with hashkey explore several ways to use the XRP of the future. They talk about creating new products, launching a money market fund on the XRP book and finding better ways to perform global finances using a crypto.

This partnership is a big step towards bringing more serious money to the world of XRP -Ai digital assets.