HashKey Capital has announced the launch of Asia's first XRP Tracker Fund, providing professional investors with a regulated means to invest in XRP.
Overview of XRP Tracker Fund
The fund was announced on April 18 in a press release, marking a push to unify traditional finance with digital assets. The XRP Tracker Fund will mirror the price of XRP, the native token of Ripple.
Investment Opportunities and Benefits
With the fund's launch, investors will have access to XRP without the concerns of self-custody. Vivien Wong, Partner at HashKey Capital, noted that XRP stands as "one of the most innovative digital assets today."
Partnership between Ripple and HashKey Capital
In addition to the fund, Ripple and HashKey plan to collaborate on projects in tokenization, decentralized finance, and transactions using XRP. This partnership comes at a pivotal time for Ripple, including a recent court-approved pause in its legal disputes with the SEC.
The launch of the XRP Tracker Fund signifies a significant step towards integrating digital assets into the traditional financial system and may pave the way for new opportunities for investors in the region.
