On April 18, 2025, HashKey Capital, a leading digital asset investment firm based in Hong Kong, officially launched Asia’s first XRP tracker fund. This strategic move was backed by Ripple, which participated as an initial strategic investor — signaling strong commitment to advancing XRP adoption across Asia.
XRP Tracker Fund: A New Opportunity for Institutional Investors
The newly launched XRP tracker fund is designed to give professional and institutional investors secure, regulated exposure to XRP — without having to directly manage or store the digital asset.
This approach minimizes operational risks and removes common technical barriers often faced when investing in cryptocurrencies.
Vivien Wong, a representative of HashKey Capital, commented:
“XRP is one of the most utility-driven digital assets available, enabling fast and low-cost cross-border payments. Unlike legacy systems such as SWIFT that can take days, XRP allows money to move in seconds at a fraction of the cost.”
Ripple: Strategic Partner and Early Investor
Ripple’s involvement as a strategic backer brings not only capital but also strong credibility and technological expertise to the fund. This partnership reinforces Ripple’s ongoing mission to expand cross-border payment solutions and Web3 infrastructure across Asia.
It also aligns with Ripple’s broader strategy of strengthening XRP’s presence among institutional players in emerging markets.
The Path Toward an XRP ETF?
If successful and compliant with regulatory standards, this tracker fund may eventually evolve into a full-fledged XRP Exchange-Traded Fund (ETF) — a major milestone that could significantly boost liquidity, accessibility, and mainstream acceptance of XRP in traditional financial markets.
Conclusion
The launch of Asia’s first XRP tracker fund by HashKey Capital — with strategic backing from Ripple — represents a significant step forward in bringing XRP closer to institutional adoption in the region.
It’s a calculated move to position XRP as a leading digital asset in Asia’s rapidly evolving crypto landscape, and a key milestone in Ripple’s global growth strategy.