Ripple to Launch Asia’s First XRP Investment Product: Details
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San Francisco-based payments company Ripple has inked a partnership with HashKey Capital to introduce the first-ever XRP tracker fund in Asia. Popular XRP community figure Crypto Eri called the public’s attention to the development today. According to Eri, Ripple will be investing in HashKey Capital’s new HashKey XRP Tracker Fund–the first Asia-based fund designed to mirror the price of XRP. Big XRP News in Japan 🇯🇵. @Ripple to make initial investment in Asia’s first #XRP investment product. Professional investors get exposure to XRP without directly holding the asset. Investors can purchase the fund with cash or in-kind, and the fund is structured to accommodate… pic.twitter.com/Phs3UrVrAQ — 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) April 18, 2025 HashKey Launches Asia’s First XRP Tracker Fund Hashkey also confirmed the development in a statement issued on X today, emphasizing that the fund aims to expand institutional access to XRP. According to HashKey, the fund was created in partnership with Ripple. Ripple’s decision to partner with HashKey and become an anchor investor of the fund could enhance the product’s credibility. HashKey referred to the fund as the first in Asia, adding that it will not be the last. This indicates that several crypto management firms in the region could plan to roll out investment products tracking the price of XRP. Investors seeking to invest in the fund can do so through fiat currencies or in-kind contributions. They can also subscribe to or redeem shares of the HashKey XRP fund monthly. 4/ A strategic partnership with Ripple Beyond the fund, HashKey Capital & Ripple are exploring new investment products, cross-border DeFi solutions, and tokenization—including the possibility of launching a money market fund (MMF) on the XRP Ledger. — HashKey Capital (@HashKey_Capital) April 18, 2025 Ripple and HashKey Execs React Commenting on the development, Vivien Wong, HashKey’s…
Filed under: News - @ April 18, 2025 7:23 pm