HashKey Capital has launched the HashKey XRP Tracker Fund.
It’s the first fund in Asia designed to trace the worth of XRP. Ripple, a
blockchain-based funds firm, will likely be an early investor within the fund.
Final yr, HashKey
Capital obtained Sort 4 and upgraded Sort 9 licenses from the Securities
and Futures Fee (SFC), permitting it to offer securities and digital
asset administration and advisory providers to retail traders in Hong Kong.
HashKey Launches XRP Fund for Establishments
The brand new fund is open to skilled traders. It provides
publicity to XRP with out the necessity for direct token possession. XRP is at present
the third largest cryptocurrency by market capitalization, following Bitcoin
(BTC) and Ethereum (ETH). Its most important use case is in cross-border funds.
“Institutional traders are desperate to entry regulated
merchandise all over the world, and that is precisely what the HashKey XRP Tracker
Fund will ship within the Asia-Pacific area,” stated Fiona Murray, Managing
Director APAC at Ripple.
XRP is utilized by banks and monetary establishments to ship
funds rapidly and at decrease prices. That is usually cheaper than conventional
choices like wire transfers. HashKey Capital says the fund is consistent with its
intention to attach conventional finance with blockchain-based methods.
HashKey Capital has formally launched 𝗔𝘀𝗶𝗮’𝘀 𝗙𝗶𝗿𝘀𝘁 𝗫𝗥𝗣 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗙𝘂𝗻𝗱 with 𝗥𝗶𝗽𝗽𝗹𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 @Ripple , offering skilled traders with a brand new method to entry XRP, one of many world’s main digital belongings! 🚀🌍 𝗫𝗥𝗣, as a key software… pic.twitter.com/OV0iYnxFKg
— HashKey Group (@HashKeyGroup) April 18, 2025
Chances are you’ll need to learn at FinanceMagnates.com: Is
XRP Shifting Up Forward of a Doable Ripple-SWIFT Integration?
Ripple, HashKey Plan Extra Crypto Merchandise
Buyers within the fund can subscribe utilizing money or in-kind
contributions. Subscriptions and redemptions are allowed as soon as a month. The fund
makes use of CF Benchmark as its pricing commonplace. CF Benchmark is understood for its work
in cryptocurrency index merchandise in each the US and Asia Pacific.
That is the third tracker fund from HashKey Capital. It
follows two earlier funds linked to BTC and ETH, each
launched with Bosera.
HashKey Capital and Ripple plan additional collaboration. These
tasks will mix HashKey Capital’s expertise in asset administration with
Ripple’s background in blockchain and digital funds.
This text was written by Tareq Sikder at www.financemagnates.com.
Source link
