HashKey Capital Launches Asia’s First XRP Tracker Fund With Ripple, Eyes ETF Conversion for $121B Token

HashKey Capital has launched Asia’s first regulated XRP Tracker Fund, with Ripple serving as the anchor investor by providing the initial seed capital. The fund is designed to allow institutional investors in Asia-Pacific to gain exposure to XRP, the third-largest cryptocurrency by market capitalization at approximately $121 billion, without directly holding the token. The HashKey XRP Tracker Fund enables professional investors to subscribe or redeem monthly using cash or in-kind contributions. The product is benchmarked by CF Benchmarks, an established index provider, and is structured to meet institutional demand for simplified, compliant access to digital assets. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant