Asia's first XRP investment fund launches with Ripple as early backer
HashKey Capital, part of HashKey Group’s leading digital asset financial network, is introducing Asia’s first investment product linked to XRP, now the third-largest crypto asset by market cap.
The fund, also known as the HashKey XRP Tracker Fund, is designed for professional investors who want regulated exposure to XRP without the hassle of managing ownership, custody, or trading, the team shared in an announcement on X.
Ripple is backing the fund as both an early and anchor investor. According to HashKey Capital, Ripple’s involvement is instrumental in bridging traditional finance and Web3 innovation.
Through the new offering, the team aims to provide a critical on-ramp for institutions seeking seamless access to blockchain-based financial services.
The HashKey XRP Tracker Fund allows subscriptions and redemptions in cash and in kind every month. It joins HashKey Capital’s growing list of crypto investment products, including Bitcoin (3008.HK) and Ethereum (3009.HK) ETFs.
Discussing the launch, Vivien Wong, Partner, Liquid Funds at HashKey Capital, said that XRP has established itself as a powerhouse in cross-border payments, enabling faster and cheaper transactions compared to traditional networks like SWIFT.
Its blockchain, the XRP Ledger, is also a growing hub for tokenization of real-world assets (RWAs). This reinforces XRP’s utility and appeal to financial institutions and enterprises worldwide.
“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value,” said Wong. “With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets.”
CF Benchmark, known for launching ETF products in the US and Asia Pacific, will serve as the fund’s benchmark provider.
“Institutional investors are eager to access regulated products around the world, and this is exactly what the HashKey XRP Tracker Fund will deliver in the Asia-Pacific region,” said Fiona Murray, Managing Director APAC at Ripple.
While currently structured as a private tracker fund available to professional investors, HashKey Capital hinted that the fund could transition into a full-fledged exchange-traded fund (ETF) within the next one to two years, pending regulatory approvals.
Beyond the Tracker Fund, HashKey Capital and Ripple are exploring a wide range of joint initiatives, the asset manager said. These include developing new investment products, cross-border decentralized finance (DeFi) solutions, and tokenization strategies.
Hashkey Capital added that the two entities are in talks about the launch of a money market fund tokenized on the XRP Ledger.
The launch of the HashKey XRP Tracker Fund comes as investment products linked to XRP are gaining traction around the world.
Brazil has become the world’s first country to approve a spot XRP ETF , the Hashdex Nasdaq XRP Index Fund, which will be listed on the B3 stock exchange. The Hashdex-managed fund will directly hold XRP, providing investors with regulated and transparent exposure to the major crypto asset.
In the US, multiple applications for spot XRP ETFs are under SEC review, and industry experts are optimistic about their eventual approval.
Earlier this month, Teucrium kicked off the first US-listed leveraged XRP ETF , which saw strong debut trading volumes. The product is intended for short-term trading and does not directly hold XRP; instead, it uses swaps referencing European XRP ETPs.
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Can Quantum Computing Break Bitcoin? Project Eleven Puts It to the Test
Project Eleven, a quantum computing research organization, has announced the Q-Day Prize – a global challenge offering 1 Bitcoin to the first team or individual who can use Shor’s algorithm on a quantum computer to break part of an elliptic curve cryptographic (ECC) key.
The competition began on April 16, 2025, and will run until April 5, 2026. The main objective is to assess the real-world risk that quantum computing poses to Bitcoin’s cryptographic security. The challenge specifically targets the Elliptic Curve Digital Signature Algorithm (ECDSA).
According to Project Eleven’s tweet , more than 10 million Bitcoin addresses have exposed public keys, potentially putting an estimated 6.2 million BTC, worth approximately $500 billion, at risk if quantum computing capabilities continue to advance. The Q-Day Prize aims to move the discussion around quantum threats beyond theoretical speculation by encouraging a practical demonstration of vulnerability.
Participants must run Shor’s algorithm solely on a quantum computer, without assistance from classical computing methods. Even breaking a few bits of a Bitcoin key would qualify as a valid proof-of-concept and could indicate that full key recovery is plausible with future technological improvements. Project Eleven stated that no real-world ECC key has ever been cracked to date.
The initiative comes amid notable progress in the quantum computing sector. Google’s ‘Willow’ chip, for example, recently performed a computation in five minutes that would take traditional supercomputers an estimated 10 septillion years.
Other firms, including IBM, Amazon, and Microsoft, have also made advancements in quantum hardware, and access to quantum processors is increasingly available via cloud services. PsiQuantum, another major player in the field, raised $750 million in early 2025, citing developments in photonic chip design and improvements to quantum algorithms such as Shor’s.
While industry experts do not consider the quantum threat to Bitcoin to be imminent, Project Eleven’s initiative seeks to quantify that risk through open experimentation.
The quantum computing debate isn’t new. Earlier this year, CryptoQuant identified it as an emerging risk, especially in areas like mining and private key protection. The debate reignited after a November NIST report warned that certain algorithms vulnerable to quantum attacks will be phased out within five years.
While some voices, such as ‘Bitcoin Isaiah’ on X, advocate for urgent preparation, others like Blockstream CEO Adam Back maintain that Bitcoin’s encryption should hold firm until around 2035.