New fund aims to streamline institutional access to XRP for cross-border payments and crypto investing across Asia.

HashKey Capital has announced the launch of the HashKey XRP Tracker Fund, marking Asia’s first institutional fund focused solely on tracking XRP’s performance. Designed for professional investors, the fund offers a simplified way to gain exposure to XRP—Ripple’s native digital asset used for global payments—without direct asset management.

Ripple Joins as Anchor Investor

Ripple will act as an anchor investor, reinforcing its strategic partnership with HashKey. This backing underlines Ripple’s commitment to expanding regulated crypto offerings in Asia, especially for institutions exploring blockchain-based cross-border payment solutions.

This collaboration adds to Ripple’s growing influence in the region and strengthens ties with HashKey, which already manages Hong Kong-listed spot ETFs for Bitcoin and Ethereum.

Flexible Access and Monthly Liquidity

The fund offers cash and in-kind subscriptions, making it accessible to a broader range of institutional clients. With monthly liquidity, investors can enter or exit positions with more ease, addressing a key barrier often associated with crypto investing.

This flexibility, coupled with the trust of regulated fund structures, may attract more risk-averse institutional players who previously stayed on the sidelines.

Future Outlook: Tokenised Funds and New Products

Looking ahead, both companies are exploring innovative product offerings. One potential development, according to Vivien Wong, a partner at HashKey Capital, includes tokenising a money market fund on the XRP Ledger. This move could bridge traditional finance with blockchain infrastructure, further expanding XRP’s utility in regulated markets.

Ripple’s Asia-Pacific managing director, Fiona Murray, highlighted that this initiative is part of a broader effort to bring regulated crypto products to institutional investors in Asia, a region increasingly embracing blockchain adoption.