HashKey Launches Asia’s First XRP Tracker Fund, Ripple Joins in Expanding Blockchain Strategy
Hong Kong Becomes New Investment Hub for XRP as HashKey Partners with Ripple, Bringing Access to the Leading Digital Asset to Institutional Investors.
On April 18, 2025, HashKey Group – one of Asia’s leading blockchain investment firms – officially announced the launch of the HashKey XRP Tracker Fund in Hong Kong. This is the first fund in the region specifically designed to track the performance of XRP, the third-largest cryptocurrency globally by market capitalization, behind only Bitcoin and Ethereum.
Notably, Ripple, the blockchain technology company behind XRP, will serve as a strategic investor and trusted advisor to the fund, demonstrating its long-term commitment to expanding its presence in the Asia-Pacific market.
“With the launch of the XRP Tracker Fund in Asia, we are providing a transparent and accessible investment solution for professional investors looking to gain exposure to one of the world’s most important digital assets,” said Vivien Wong, Partner at HashKey’s Liquidity Funds.
Wong highlighted that XRP is playing a central role in cross-border transactions due to its fast settlement, low costs, and strong integration into the current financial system. Investing in XRP through the new fund will not require investors to directly custody the digital asset – reducing technical barriers and security risks.
The fund is built on a flexible model, allowing investors to subscribe with either cash or physical assets, with high liquidity through a monthly share buyback mechanism. The product is also independently evaluated by CF Benchmark, which has been involved in developing benchmarks for ETFs in the United States and Asia Pacific.
In addition to providing an opportunity to invest in XRP, the new fund is part of a broader strategic partnership between HashKey Capital and Ripple, focused on expanding blockchain-based financial applications in Asia.
“Ripple will support us in developing more investment products related to cross-border payments, DeFi, and enterprise blockchain applications,” Wong added. “We will also leverage our network of partners to connect Ripple with financial institutions, investors, and regulators in the region.”
On Ripple’s side, Fiona Murray, Managing Director of APAC, affirmed the fund’s role as an integral part of the company’s global vision:
“Institutional investors are looking for well-regulated products, and the XRP Tracker Fund in Asia is the answer to that need. We are delighted to partner with HashKey Capital – a prominent name with a deep influence in this market.”
With Ripple’s commitment to support the seed capital, the fund not only marks a turning point in the development of XRP in Asia, but also reflects the maturity of the digital asset investment market in the region. With the current development momentum, the cooperation between Ripple and HashKey is expected to reshape the approach of institutional investors to digital assets in the new blockchain era.