HashKey Capital has launched Asia’s first XRP Tracker Fund with early investment from Ripple, with plans to convert it into an exchange-traded fund (ETF). The fund, officially titled the HashKey XRP Tracker Fund, aims to track the performance of XRP and seeks to attract more institutional capital into regulated XRP products and the broader digital asset ecosystem. The partnership with Ripple will enhance collaboration on investment products, cross-border DeFi solutions, and potential tokenization efforts, including a money market fund on the XRP ledger. HashKey's XRP Tracker Fund marks its third tracker fund, following similar products for Bitcoin and Ether. Experts believe the launch is crucial for institutional adoption in Asia, citing XRP's proven use case in cross-border payments combined with HashKey's robust infrastructure as key factors for broader acceptance of crypto assets in global finance.

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