HashKey Capital announced the launch of the first XRP Tracking Fund in Asia, which marks a significant advance in making the investment of the XRP more readily available. The fund, endorsed by Ripple, which supports XRP Ledger, provides professional investors with an easy way to access XRP without processing the technical details of encrypted money.
The fund aims to replicate the performance of the XRP, an asset that is well known for its ability to achieve low-cost, fast international transactions. This is in line with HashKey Capital ' s goal of linking traditional finance (TradFi) to the Web3 ecosystem. Vivien Wong, HashKey Capital's partner stated: “XRP emerged as one of the most innovative encrypted currencies, attracting global firms to use it for trading, tokenization and value storage.”
The XRP Tracking Fund allows for monthly subscriptions and foreclosures and offers options for investments in cash or in kind. The benchmark is CF Benchmark, a well-known brand of ETF products in the United States and the Asia-Pacific region. The Fund has joined the growing product line of HashKey, including the Bitcoin ETF (3008.HK) and the EtherF (3009.HK) launched in cooperation with Bogus. In addition, the Fund marked the beginning of a broader partnership between HashKey Capital and Ripple, which will jointly develop new investment products in the areas of cross-border payments, decentrized finance (DeFi) and enterprise block chains.