How Asia Got Its First XRP Tracker Fund and Why You’re Suddenly Interested

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Hold onto your digital wallets, folks — HashKey Capital just dropped Asia’s very first XRP Tracker Fund. It’s basically like getting the VIP pass to XRP without actually having to wrestle with the crypto beast itself. Professional investors can now bask in the glory of XRP exposure without having to, you know, touch XRP.

Announced on April 18 (because who doesn’t love news fresh off the blockchain?), this fund promises to unite old-school finance suits with the wild world of digital assets. The fund will faithfully shadow Ripple’s native token, XRP — like a very loyal but less annoying puppy. And get this: Ripple itself is the anchor investor. So yeah, it’s not sketchy, it’s anchored. Very fancy stuff.

This fund is designed for those who get scared by words like “self-custody” and “private keys”—aka pretty much all institutional investors who prefer their crypto less like a DIY project and more like a straightforward buy-and-watch thriller. Vivien Wong, Partner at HashKey Capital, said XRP is “one of the most innovative digital assets today,” because apparently even partners have to throw in some buzzwords to sound cool. The gist: now, crypto is accessible without the chaos.

“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value. With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets.”

— Vivien Wong, Partner at HashKey Capital (probably loves buzzwords)

This isn’t HashKey’s first rodeo — they already have Bitcoin and Ethereum ETFs listed on the Hong Kong Stock Exchange. Now, the XRP fund lets you subscribe and redeem shares monthly, using either cold hard cash or “in-kind” contributions (which sounds like a polite way to say “here, take this weird crypto thing”). The pricing comes from CF Benchmark, an index that’s apparently trusted across the U.S. and Asia-Pacific, so it’s legit by money-people standards.

But wait, there’s more! Ripple and HashKey are cooking up future collabs in hot areas like tokenization, DeFi (decentralized finance for those still asking), and cross-border payments. Imagine a money market fund based on XRP Ledger — because what’s more thrilling than combining money markets with crypto ledgers? 🥳

Timing-wise, this launch is peak drama for Ripple. They just got a 60-day timeout from their legal smackdown with the SEC, presumably to figure out if they can settle without going full courtroom reality show. Meanwhile, Ripple’s expanding: rolling out a new stablecoin, RLUSD, and scooping up Hidden Road, a trading firm that moves over $10 billion daily (no big deal). So yeah, Ripple’s making moves while everybody’s watching.

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2025-04-18 11:03