HashKey Capital has announced the launch of the first XRP Tracker Fund in Asia, aimed at simplifying institutional investments in XRP. This fund will cater to professional investors, providing exposure to XRP without requiring direct asset management, with options for cash and in-kind subscriptions and monthly liquidity. Ripple, an integral player in the XRP ecosystem, is backing the fund and will collaborate with HashKey on future financial products, such as possibly tokenizing a money market fund on the XRP Ledger. The initiative is part of Ripple's strategy to increase the availability of regulated crypto products in the Asia-Pacific region, as emphasized by Fiona Murray, Ripple's managing director for the area. The development follows HashKey's established success in the cryptocurrency market with Hong Kong-listed ETFs for Bitcoin and Ether.

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