Emre Yumlu 
Hong Kong-based crypto investment firm HashKey Capital has launched a new investment fund designed to track the performance of XRP. The company aims to eventually convert this fund into an exchange-traded fund (ETF).
According to an announcement made on April 18, the fund—officially named the HashKey XRP Tracker Fund—is the first investment fund in Asia exclusively focused on XRP.
The fund’s initial investor is Ripple, the developer of XRP. HashKey Capital stated that the fund aims to attract more institutional capital into regulated XRP products and the broader digital asset ecosystem.
Strengthening Strategic Partnership with Ripple
In its statement, HashKey Capital emphasized that this fund marks the beginning of a closer collaboration with Ripple. The two firms plan to work together on new investment products, cross-border DeFi solutions, and tokenization initiatives. Among the ideas being explored is the potential launch of a money market fund (MMF) on the XRP Ledger.
Vivien Wong, a partner at HashKey Capital, stated that through their partnership with Ripple, they will share their connections with financial institutions, regulators, and investors across Asia. Wong highlighted that Ripple presents significant opportunities, especially in DeFi, enterprise blockchain adoption, and cross-border payment solutions.
Laying the Groundwork for an XRP ETF
The HashKey XRP Tracker Fund is the company’s third tracker fund, following its earlier Bitcoin and Ethereum-focused offerings. The firm noted that this new product also has the potential to evolve into an ETF in the future.
A Key Step for Institutional Investors
Hank Huang, CEO of Asia-based crypto investment firm Kronos Research, said the launch of the fund marks an important milestone for institutional adoption in the region. Huang emphasized that regulated and transparent products are essential for institutional investors to enter the crypto market.
Huang added: “XRP’s proven use case in cross-border payments, combined with HashKey’s strong infrastructure, creates the potential for significant capital inflows and broader acceptance of crypto assets in the global financial system.”
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