Categories: Ripple

HashKey Launches Asia’s First XRP Tracker Fund Backed by Ripple


  • HashKey Capital launched Asia’s first XRP Tracker Fund with Ripple as the anchor investor for institutional exposure.
  • HashKey expands aggressively, securing multiple licenses and launching products like the HashKey 20 Index Fund.

HashKey Capital has again stolen the spotlight by launching a new investment product that is arguably the first in Asia: the XRP Tracker Fund. This fund is specifically designed for institutional investors who want to dive into the crypto world without having to bother managing assets directly.

Investors can now get exposure to XRP without having to worry about digital wallets or security risks. The approach is more practical, and of course, legal.

Support from Ripple itself is one of the reasons why this launch is interesting. The company behind the development of the XRP Ledger network not only provides technical support, but also directly acts as an anchor investor. This is not just an ordinary collaboration—but a strategic step that shows that this project was designed seriously from the start.

Expansion of HashKey Capital’s Global Strategy

However, the launch of the XRP Tracker Fund is not the only major maneuver by HashKey Capital lately. The company is indeed actively building a strong foundation in various regions.

On the other hand, CNF previously reported that HashKey Group has obtained permission from the Central Bank of Ireland to register its subsidiary, HashKey Europe Limited, as a Virtual Asset Service Provider (VASP). This license paves the way for them to operate under the European Union’s Anti-Money Laundering Directive Fifth (AMLD5).

Furthermore, HashKey Capital has also obtained a Type 1 license from the Hong Kong Securities and Futures Commission (SFC). With this license, they can provide brokerage services to both retail and institutional investors.

Not only that, they can also offer structured investment products and discretionary account management services for virtual assets. All of this is done in a regulated ecosystem, so it’s not just a random model.

More Than Just a Tracker Fund

Last February, they also released the HashKey 20 Index Fund, a product that tracks the performance of the 20 largest crypto assets by market capitalization. Interestingly, this product can even be used as an entry point to obtain residency in Hong Kong through the Capital Investment Entrant Scheme (CIES). For investors who want more than just profit, this is clearly a double opportunity.

On Valentine’s Day this year, Gaorong Ventures, a Chinese venture capital firm, invested $30 million into HashKey Group. The figure comes at a pre-funding valuation of over $1 billion, and post-funding of close to $1.5 billion. The investment further solidifies HashKey’s position as a major player in Asia’s licensed crypto ecosystem.


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Leah Fraser

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