asia’s First XRP Tracker Fund Launched by HashKey Capital
HashKey Capital has introduced Asia’s first XRP Tracker Fund. This fund allows professional investors to invest in XRP without directly holding the asset. The fund’s launch, announced on April 18, bridges traditional finance and digital assets.
The XRP Tracker Fund mirrors the price of XRP,Ripple’s native token. Ripple, known for cross-border blockchain transfers, is the anchor investor. Vivien Wong, Partner at HashKey Capital, calls XRP “one of the most innovative digital assets.” It simplifies XRP investment, addressing concerns about self-custody.
Wong explains, “XRP is a top cryptocurrency, used by global enterprises for transactions and value storage. Our new fund makes it easier to access XRP in the region.” The fund is HashKey’s third digital asset product, following its Bitcoin and Ethereum ETFs on the Hong Kong Stock Exchange. Shares will be available via monthly subscriptions and redemptions.
Key features include:
- Monthly subscriptions and redemptions
- Pricing data from CF Benchmark
- Monthly subscriptions and redemptions
HashKey Capital’s XRP Tracker Fund uses CF Benchmark data, ensuring reliable pricing. Ripple, a leader in blockchain transfers, backs the fund. It caters to institutional demand for top digital assets.
HashKey and Ripple plan future projects in tokenization,decentralized finance,and cross-border payments. Ripple’s recent U.S. court approval for a 60-day pause in SEC appeal proceedings is timely. Ripple is expanding services, integrating RLUSD stablecoin, and acquiring Hidden Road, a trading firm.
Investors can now gain regulated exposure to XRP, simplifying access. Ripple’s services expansion and the SEC settlement discussions highlight its significance. The fund uses CF Benchmark for pricing. This tracker fund is a step towards uniting traditional finance with digital assets. It offers a safer investment option, attracting global enterprises. Ripple’s growth, including the RLUSD stablecoin integration, shows its potential.The fund simplifies XRP investment,attracting global interest. This tracker fund is a milestone for the crypto market, offering a regulated investment avenue. It aims to develop new products, including a possible XRP Ledger-based money market fund. This launch marks a important move in the crypto market, catering to institutional players.
For more details, visit HashKey Capital and ripple’s strategic moves enhance its appeal. The fund uses CF Benchmark, a trusted index provider. It avoids self-custody risks, attracting institutional investors. The fund uses CF Benchmark, ensuring reliable pricing. Ripple’s strategic moves,like the RLUSD integration,boosts confidence.The fund simplifies XRP investment, promoting innovation in the crypto space.
