HashKey Capital Launches Asias First XRP Tracker Fund

The crypto financial services firm HashKey Capital has **announced** the launch of the HashKey XRP Tracker, marking the first exchange-traded fund (ETF) in Asia that tracks the value of XRP.

Ripple has participated as one of the initial investors.

The HashKey XRP Tracker is designed for professional market participants, providing them with the opportunity to access XRP without the complications of direct asset ownership.

According to associates of HashKey Capital, the token stands out among other cryptocurrencies due to its innovation and demand among international firms. The fund facilitates access to the asset and paves the way for investors into the digital payments sector.

The HashKey XRP Tracker is the third offering in HashKey Capital’s lineup. Previously, the company launched ETFs based on Bitcoin and Ethereum.

Investors may contribute both in cash and digital assets, with options for monthly redemption or issuance of fund shares. The fund is based on the CF Benchmark index.

Ripple aims to enhance its collaboration with HashKey Capital. The two companies plan to develop new investment products based on blockchain technology, with one potential focus being the tokenization of funds on the XRP Ledger platform.

It’s worth noting that in April, the alternative asset management company Teucrium Investment Advisors **introduced** the first XRP ETF in the United States.