Attention XRP Investors! Ripple Will Make A New Investment! “This Time In XRP!”

Digital asset management firm HashKey Capital has announced the launch of Asia’s first investment fund, the HashKey XRP Tracker Fund, created to track the performance of XRP.

At this point, this fund will be the first XRP fund in Asia. The fund will provide professional investors with a regulated and less complicated way to invest in XRP, the fourth-largest cryptocurrency by market cap after Bitcoin and Ethereum.

It offers investors the opportunity to purchase shares through cash or in-kind subscription and subscribe or redeem shares on a monthly basis.

According to The Block, HashKey Capital stated that XRP facilitates faster and cheaper cross-border payments for banks, financial institutions, and businesses.

It was also stated that the XRP fund in question was supported by Ripple’s early investment.

This is the first of many planned collaborations between HashKey Capital and Ripple, with Ripple making its first investment as the main investor of the XRP fund.

Vivien Wong, Partner, Liquid Funds at HashKey Capital, said:

“XRP stands out as one of the most innovative cryptocurrencies on the market today, attracting global businesses who use it to transact, tokenize and store value.

As the region’s first XRP fund, we are simplifying access to XRP and meeting the demand for investment opportunities in top digital assets with the XRP Tracker Fund.

At the same time, Ripple offers us the opportunity to collaborate on more investment products and solutions in the areas of cross-border payment solutions, decentralized finance (DeFi), and enterprise blockchain adoption.”

*This is not investment advice.