HashKey Capital Launches XRP Tracker Fund Backed by Ripple – Could This Be Asia’s First XRP ETF?

In a bold move that could reshape crypto investment in Asia, Hong Kong-based HashKey Capital has just rolled out the region’s very first XRP Tracker Fund — and it’s already making waves.

With Ripple stepping in as an anchor investor, this fund is more than just another crypto product. It’s part of a bigger vision: turning it into a full-fledged XRP ETF in the near future.

Let’s break down what this means and why it matters.

What Is the XRP Tracker Fund?

The XRP Tracker Fund is designed to follow the price performance of XRP, giving investors a regulated, professional way to gain exposure to the popular crypto asset — without directly owning it.

This is the third such fund launched by HashKey Capital, following previous products that tracked Bitcoin and Ether. But this time, there’s something new: a much closer collaboration with Ripple itself.

Ripple Steps In as Anchor Investor

Ripple — the company behind the XRP token — is backing the fund with early investment and strategic support. This partnership isn’t just about money; it’s about co-creating the future of institutional crypto products in Asia.

HashKey says the two are also exploring a range of new products: from tokenized investment vehicles to cross-border DeFi solutions built on the XRP Ledger. There’s even talk of launching a money market fund on-chain.

Why This Matters for Institutional Crypto Investment in Asia

This launch signals a strong push to bring more institutional money into XRP — and crypto more broadly — in a way that’s fully compliant and professionally managed.

Hank Huang, CEO of Kronos Research, summed it up well: “This is a pivotal moment. Regulated products like the XRP Tracker Fund are exactly what large investors need to confidently enter the market.”

With its proven use in cross-border payments, XRP has long been seen as one of the more practical cryptos in the space. Now, with HashKey Capital offering a gateway for big players to get involved, we could be looking at a serious boost in demand.

Is an XRP ETF Coming to Asia Soon?

That’s the big question. While this is technically a tracker fund, HashKey has made it clear they see this as a step toward launching a full XRP ETF in Asia — likely in Hong Kong, where crypto regulation is relatively progressive.

Considering how quickly their Bitcoin and Ether funds evolved, an XRP ETF may not be far behind.

What’s Next for HashKey and Ripple?

According to Vivien Wong, a partner at HashKey Capital, this fund is just the beginning. She mentioned that the firm will be working closely with Ripple, sharing contacts across Asia’s financial and regulatory sectors to roll out even more products together.

This could open the door for everything from enterprise blockchain adoption to more creative DeFi applications on the XRP Ledger.

Source: HashKey Capital

Final Thoughts

HashKey’s XRP Tracker Fund, backed by Ripple, could be the next big thing for institutional crypto investment in Asia. Whether or not it quickly transforms into an XRP ETF, the fund itself offers a new, regulated path for serious investors to get into XRP.

With Ripple actively involved and Asia showing growing interest in compliant crypto infrastructure, this move could reshape the XRP narrative in a big way.

FAQs: XRP Tracker Fund by HashKey Capital

1. What is the XRP Tracker Fund?
The XRP Tracker Fund is a regulated investment product by HashKey Capital designed to follow the price of XRP. It allows institutional investors to gain XRP exposure without directly holding the token.

2. Is Ripple involved in the XRP Tracker Fund?
Yes, Ripple is the fund’s anchor investor. Ripple is also collaborating with HashKey Capital on future blockchain-based investment products and DeFi solutions.

3. Can the XRP Tracker Fund become an ETF?
HashKey Capital has indicated plans to eventually convert the XRP Tracker Fund into a full-fledged XRP ETF, possibly in Hong Kong.

4. Why is this fund important for institutional investors?
It offers a compliant, transparent, and professional gateway for institutions to invest in XRP — something that’s been missing in the Asian market until now.

5. What are HashKey and Ripple planning next?
They’re exploring tokenization projects, money market funds, and cross-border DeFi solutions using the XRP Ledger — hinting at a broader vision for blockchain adoption in finance.