- Ripple anchors Asia’s first institutional XRP fund by HashKey Capital.
- Fund targets regulated exposure to XRP for professional investors.
- Future plans include tokenized MMFs and a potential XRP ETF.
Ripple is set to become an anchor investor in HashKey Capital’s newly launched XRP Tracker Fund, the first fund of its kind in Asia.
Targeting seasoned investors , it’s a regulated fund offering institutions easy exposure to XRP without needing to directly own, hold, or trade the token.
Why an XRP Tracker Fund in Asia Now?
This move shows growing confidence in XRP’s role for cross-border payments and asset tokenization. That helps explain why HashKey Capital, which previously launched Bitcoin and Ethereum trackers, is now adding XRP – currently crypto’s third-largest token by market cap.
For Ripple, this broadens XRP’s use case beyond just remittances, as institutional interest in XRP keeps rising, driven partly by clearer regulation and new products.
Additionally, HashKey and Ripple are reportedly exploring additional DeFi solutions, tokenized products, and even a money market fund (MMF) on the XRP Ledger. If approved by regulators, the tracker fund could evolve into a full-fledged exchange-traded fund (ETF) within the next 1–2 years.
Related: Ripple-Owned Hidden Road Obtains FINRA License as Registered Broker-Dealer
How Does This Fit Ripple’s Overall Strategy?
This investment also fits into Ripple’s broader strategy: expanding product lines and strengthening institutional ties.
CEO Brad Garlinghouse downplayed IPO talk , saying Ripple is focused on real-world use, mergers and acquisitions (M&A), and long-term ecosystem growth – not “Wall Street money.”
Related: XRP Prediction April 19: BB Squeeze Builds Energy, Bulls Target $2.24 Next
Garlinghouse didn’t name specific targets, but he did confirm Ripple is looking at acquiring blockchain infrastructure firms, especially in finance. He believes the US market is finally opening up for crypto players and expects lots of consolidation in the blockchain industry in 2025.
“There’s a lot of excitement about some of the changes. And, you know, we will lean into that for sure,” Garlinghouse told Bloomberg.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
