Ripple Invests in Asia’s First XRP Tracker Fund by HashKey Capital
Ripple Labs Inc is investing in Asia's first XRP Tracker Fund, supporting crypto fund manager HashKey Capital. This initiative aims to enhance institutional access to XRP.
- Ripple is the anchor investor for the HashKey Tracker Fund.
- The fund allows institutional investors to track XRP performance without directly holding it.
- HashKey Capital previously launched tracker funds for Bitcoin and Ethereum.
- The Tracker Fund may evolve into an XRP ETF if it performs well and receives regulatory approval.
- HashKey Capital chose XRP due to Ripple's advancements in payment systems and its adoption by financial institutions.
- Both parties plan to explore future use cases of XRP for innovative financial products.