HashKey Launches Asia’s First XRP Fund with Ripple’s Backing – Full ETF Coming Next?

The post HashKey Launches Asia’s First XRP Fund with Ripple’s Backing – Full ETF Coming Next? appeared first on Coinpedia Fintech News

XRP is having a great start to April. First, there was hope that Ripple’s long legal fight with the SEC might end soon. Then came the launch of a 2x leveraged XRP ETF by Teucrium . Now, there’s even bigger news – Hong Kong-based HashKey Capital has launched Asia’s very first XRP Tracker Fund..

This shows growing interest in making XRP more available to professional and institutional investors.

HashKey Capital Launches XRP Tracker Fund

HashKey Capital, a large crypto investment company based in Hong Kong, has announced a new fund that makes it easier for professional investors to invest in XRP.

This fund tracks the price of XRP, so investors don’t need to manage wallets or worry about buying and storing crypto themselves. The fund is designed for those who want to gain exposure to XRP without dealing with the technical parts of owning crypto.

Why XRP?

Vivien Wong from HashKey said XRP is one of the most useful digital coins because it allows people to send money across borders. Unlike older systems like SWIFT, XRP helps move money in seconds and with much lower fees.

It’s already being used by banks and companies in different parts of the world. Plus, the XRP Ledger makes it easy to tokenize real-world assets, which is a big trend in the digital space right now.

Tracker Fund Today, ETF Tomorrow?

This is not HashKey’s first crypto fund, they already have similar funds for Bitcoin and Ethereum. But it is the first XRP tracker in Asia. If everything goes well and regulators give the green light, this fund could become a full XRP ETF in the next year or two, making it even more accessible to big investors.

Ripple and HashKey Growing Partnership

Ripple isn’t just investing in the fund, they’re also teaming up with HashKey to explore more ways to use XRP in the future. They’re talking about creating new products, launching a money market fund on the XRP Ledger, and finding better ways to do global finance using crypto.

This partnership is a big step toward bringing more serious money into the world of XRP and digital assets.