Hashkey Capital announced that what it says is the first investment fund in Asia designed to trace the performance of XRP, the digital asset used in Ripple’s global payment infrastructure.
The new fund, called Hashkey XRP Tracker Fund, will be open to professional investors and will allow XRP exposure without the need to directly manage. It will offer the ability to buy in cash and subscriptions in kind, and offers monthly liquidity.
Ripple will be an early sponsor of the background. The investment deepens its strategic ties with hashkey, which already has ETF Spot of Hong Kong for Bitcoin (BTC) and Ether (ETH).
The company will continue to associate with Ripple in additional financial products, said Vivien Wong, a hashkey capital, in a statement. One possibility includes token a monetary market fund in the Book Mayor XRP.
The managing director of Asia-Pacific de Ripple, Fiona Murray, said that the association with hashkey is part of a broader impulse to bring more regulated cryptographic products to the institutions of the region.
