Hashkey Capital announced what it says is the first Asian investment fund designed to track the performance of XRPThe digital asset used in the global ripple payment infrastructure.
The New fundingCalled Hashkey XRP Tracker Fund, will open to professional investors and allow exposure to XRP without the need to manage the asset directly. It will offer the ability to buy through cash and in-kind subscriptions, and offers monthly liquidity.
Ripple will be an early fund backer. The investment deepens its strategic touch with Hashkey, which has already listed areas listed in Hong Kong for Bitcoin (Btc) and ether (Eth).
The company will continue working with Ripple with additional financial products, Vivien Wong, a partner in the Hashkey Capital, said in a statement. One possibility includes tokenizing a currency market fund in the XRP ledger.
Ripple’s Asia-Pacific Managing Director Fiona Murray said partnership with Hashkey is part of a broader push to bring more regulated crypto products to regional institutions.
