HashKey Capital, a Hong Kong-based crypto firm, launched the HashKey XRP Tracker Fund. The fund tracks the performance of XRP, a leading digital asset.
Ripple will be an early investor in the fund. The launch is a big step for HashKey Capital as it transitions to building out its Asia-focused lineup of crypto investment products.
The fund is designed for sophisticated investors looking for access without the hassle of direct ownership. XRP is the third-largest currency by market value, following Bitcoin and Ethereum. It gained popularity due to its use in cross-border payments.
XRP fund connects tradFi and web3
For banks, it helps them send money efficiently and cost-effectively, as opposed to current payment systems. The entry of HashKey Capital into the market through the XRP Tracker Fund is in line with its vision of bridging the gap between the established world of finance and the emerging world of Web3.
The fund offers monthly subscriptions and redemptions, with CF Benchmark as its reference. The XRP Tracker Fund is HashKey Capital’s third tracker fund, following the launch of its BTC and ETH ETFs in collaboration with Bosera. These ETFs have created a new standard for providing professional investors with an easy, regulated means of investing in cryptocurrencies.
Ripple and HashKey expand XRP in Asia
XRP helps banks send funds more cost-effectively and efficiently. The fund offers monthly subscriptions and redemptions. CF Benchmark serves as its reference. This is HashKey Capital’s third tracker fund. It follows the launch of BTC and ETH ETFs with Bosera.
The XRP Tracker Fund is HashKey Capital’s third tracker fund after the issuance of its BTC and ETH ETFs, issued cooperatively with Bosera. These ETFs have set a new benchmark for offering professional investors an easy, regulated way of investing in cryptocurrencies.
