HashKey Capital Unveils XRP Tracker Fund Amid Ripple-SEC Pause

In a fresh step toward blending traditional finance with the fast-paced world of crypto, HashKey Capital has rolled out a brand-new investment product: the XRP Tracker Fund. Announced on April 18, this fund gives investors in Asia a simpler path to gaining exposure to XRP, Ripple’s well-known digital token.

And here’s what makes it interesting: it’s designed for people who want the benefits of XRP without personally managing the technical stuff like wallets or private keys. That’s one of the biggest roadblocks for institutional investors, and this fund aims to change that.

No Wallets, No Worries

One of the biggest turn-offs for institutions when it comes to crypto is self-custody. Losing keys means losing funds, and that risk has kept many investors at bay. With this new fund, HashKey is offering a more hands-off, secure way to invest in XRP—no personal key storage needed.

The fund is designed to follow the market price of XRP, letting investors participate in its movement without actually buying and holding the token themselves. Ripple is stepping in as the anchor investor, adding a layer of credibility and confidence to the product.

Why XRP, and Why Now?

Vivien Wong, a partner at HashKey Capital, didn’t hold back in her praise for XRP. She described it as one of the most innovative digital assets in circulation today. According to her, enterprises across the globe are already using XRP for a wide range of use cases—from cross-border transfers to tokenization.

She emphasized that bringing the first XRP Tracker Fund to this part of the world is all about access. It’s about investing in a top-tier digital asset simpler and safer for those who’ve been waiting for the right vehicle.

Third Crypto Fund on the Shelf

This isn’t HashKey’s first rodeo. They’ve already launched exchange-traded funds (ETFs) for Bitcoin and Ethereum, both of which are available on the Hong Kong Stock Exchange. The XRP Tracker Fund is the third in line and will follow a monthly schedule for subscriptions and redemptions.

Investors can choose to contribute either in cash or through in-kind transfers. The pricing model is backed by CF Benchmark, a name already trusted across major U.S. and Asia-Pacific ETF markets.

Ripple and HashKey: A Growing Partnership

This launch is just the beginning of deeper cooperation between Ripple and HashKey. The two companies are planning more joint efforts down the road, exploring areas like decentralized finance (DeFi), tokenization, and cross-border payments. One potential project that has been hinted at includes a money market fund built on the XRP Ledger.

It’s clear that this isn’t a one-time partnership—it’s the beginning of a broader collaboration.

A Pivotal Moment for Ripple

This move also comes at a significant moment for Ripple. The company recently agreed with the U.S. SEC to pause its legal appeals for 60 days, giving both sides time to discuss a potential settlement. Meanwhile, Ripple is busy expanding its offerings, having recently added the RLUSD stablecoin and acquired Hidden Road, a trading platform processing over $10 billion daily.

With legal clarity possibly on the horizon and strategic partnerships forming, Ripple’s positioning and XRP’s exposure could be entering a new era.