HashKey Capital to Launch Asia’s First XRP Tracker Fund with Ripple Investment, Expanding Institutional Access to XRP

HONG KONG, APRIL 18th, 2025 - HashKey Capital is proud to announce the official launch of the HashKey XRP Tracker Fund (the “HashKey XRP Tracker”). The fund is the first investment fund in Asia designed to track the performance of XRP, one of the world’s leading digital assets infrastructure providers Ripple will be an early investor.

The HashKey XRP Tracker Fund will be available to professional investors, who can gain exposure to XRP without the technical challenges of direct ownership. XRP is now the third largest cryptocurrency by market capitalization after BTC and ETH, and it has become an integral part of the sector due to its primary use case: cross-border payments.

With XRP, banks, financial institutions, and other enterprises can potentially send funds faster and cheaper than with traditional methods like overseas wires. The HashKey XRP Tracker thus aligns with HashKey Capital’s mandate to serve as a pioneering “bridge” between traditional finance (TradFi) and Web3.

“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value. With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets,” said Vivien Wong, Partner, Liquid Funds at HashKey Capital.

The XRP Tracker Fund offers professional investors the ability to buy through cash or in-kind subscription and subscribe or redeem shares monthly. The fund is also benchmarked by CF Benchmark, a pioneer in launching ETF products in the United States and Asia Pacific.

The XRP Tracker Fund is HashKey Capital’s third tracker fund, following the BTC ETF (3008.HK) and ETH ETF (3009.HK) it previously launched with Bosera.

The Strategic Partnership Between HashKey Capital and Ripple

The XRP Tracker Fund is the first of many collaborations planned between HashKey Capital and Ripple that will leverage HashKey Capital’s expertise in professional asset management and Ripple’s expertise in blockchain technology and digital payments.

Because of these complementary strengths, Wong said that the partnership will be synergistic for both organizations.

“We will extend HashKey Capital’s connections to financial institutions, regulators, and investors in Asia to Ripple. At the same time, Ripple offers us the opportunity to collaborate on more investment products and solutions across cross-border payment solutions, decentralized finance (DeFi), and enterprise blockchain adoption,” said Wong. She cited the possibility of tokenizing a money market fund (MMF) on the XRP Ledger as an example of the many opportunities that are now possible with the partnership.

“Institutional investors are eager to access regulated products around the world, and this is exactly what the HashKey XRP Tracker Fund will deliver in the Asia-Pacific region. We’re looking forward to working with HashKey Capital – their prominence coupled with strong crypto traction here will be imperative to bolstering Asia’s leadership role in crypto and blockchain technologies,” said Fiona Murray, Managing Director APAC at Ripple.

Ripple will be seeding the initial investment as its anchor investor. Professional investors interested in the XRP Tracker Fund are encouraged to reach out to liquidfunds@hashkey.com.

ABOUT HASHKEY CAPITAL

HashKey Capital is a global digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industry.

As one of the largest crypto fund managers and being the earliest corporate investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception. Leveraging its unparalleled expertise, HashKey Capital's venture investments team oversees a diversified portfolio of over 600 pioneering projects across institutional services, infrastructure, data, AI, consumer services/technology and more.

On the liquid funds front, HashKey Capital manages a suite of digital asset products, including an actively managed fund and the Bosera HashKey Bitcoin (3008.HK) and Ether (3009.HK) spot ETFs, which are listed on the Hong Kong Stock Exchange (HKEX).

With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.