Login to get your referral link.
16,573
Lunam Points
Ripple Labs Inc, one of the largest digital asset infrastructure companies offers the initial investment seed for the first XRP monitoring fund in Asia. This is excellent news for the digital asset company besieged and XRP, the fourth largest cryptocurrency based on market capitalization.
As part of its latest investments, Ripple supports the Crypto Hashkey Capital fund manager in the introduction of the Hashkey Tracker Fund, which the latter marked as a “major step in the enlargement of institutional access to XRP”. Ripple is the anchor investor of this project, in order to inject an influx of institutional capital in XRP
Xrp
$ 2.06
24h volatility:
0.5%
COURTIC CAPESSION:
$ 120.17 B
Flight. 24 hours:
$ 1.77 B
and the cryptography market.
Hashkey Capital launches the first XRP Tracker Fund for Asia – with @Ripple As an early investor.
This marks a major step in expanding institutional access to XRP, the third token by market capitalization. 🧵👇
– hashkey capital (@hashkey_capital) April 18, 2025
The purpose of this fund is to increase the availability of XRP to more institutional and professional investors. According to Hashkey Capital, investors in this fund can follow the performance of the cryptocurrency while accessing a “regulated and institutional quality exhibition” without having to deal with the detention, possession or negotiation of XRP directly.
Before launching the XRP Tracker Fund, the capital company had deployed other tracker funds for Bitcoin
BTC
$ 84 393
24h volatility:
0.2%
COURTIC CAPESSION:
$ 1.68 T
Flight. 24 hours:
$ 14.75 B
and Ethereum
Ethn
$ 1,582
24h volatility:
0.2%
COURTIC CAPESSION:
$ 190.92 B
Flight. 24 hours:
$ 8.23 B
in Asia. It is expected that the Tracker fund can transform itself into an XRP ETF, in the future if it offers solid performance on the market and obtaining the required approval of the regulatory authorities.
The Crypto fund manager revealed that he had opted for XRP because he believes that Ripple improves payments and transactions compared to what is traditionally available. In addition to this, financial institutions are currently using Ripple’s architecture in their operations.
As part of their collaboration, it is expected that both parties would look for more cases of future use of XRP, in particular in the creation of innovative financial products.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
post url: https://altcoin.observer/ripple-supports-the-launch-of-the-new-xrp-tracker-fund-by-hashkey-capital/