HashKey Capital Unveils Asia’s First Institutional XRP Fund Amid Growing Demand for Digital Payment Assets
HashKey Capital has officially launched Asia’s first XRP-focused investment vehicle for institutional investors, signaling rising interest in the digital asset’s use in global payments.
The new HashKey XRP Tracker Fund is designed to give professional investors direct exposure to XRP’s market performance, offering monthly subscription and redemption options with both cash and in-kind contributions. Ripple, the company behind XRP, has backed the initiative as an early investor, marking another step in its broader strategy to support institutional adoption of its digital asset.
Vivien Wong, Partner at HashKey Capital, described the launch as a milestone for the region’s digital asset ecosystem. “XRP stands out as one of the most innovative cryptocurrencies in today’s market,” she said. “With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets.”
The fund will benchmark its performance against indices provided by CF Benchmarks, a global provider known for powering many major crypto ETFs. This adds a layer of credibility and transparency to the fund’s operations, making it more appealing to traditional finance players seeking regulated exposure to digital assets.
Institutional Momentum Behind XRP Grows
This launch arrives at a time when institutional appetite for XRP is growing, especially for its utility in cross-border and multi-currency payments. Financial giants like Standard Chartered have taken a bullish stance on the token’s future. In a recent outlook, the bank suggested that XRP could even overtake Ethereum by 2028 in market relevance, driven by real-world use cases and increasing adoption by enterprises and financial networks.
“XRP is uniquely positioned at the heart of one of the fastest-growing uses for digital assets,” said Geoff Kendrick, Head of Digital Assets Research at Standard Chartered. “This is similar to how stablecoins are being used. We expect stablecoin transactions to increase tenfold in four years, which bodes well for XRPL’s transaction volume growth.”
Ripple has also been expanding its institutional infrastructure. The company recently acquired prime brokerage platform Hidden Road for $1.25 billion, one of the largest deals in the crypto space. Notably, Hidden Road has since secured a broker-dealer license from FINRA, enhancing Ripple’s regulatory footprint in the U.S.
Rising Interest in XRP-Based ETFs
Momentum isn’t limited to Asia. In the U.S., Teucrium Investment Advisors has received approval for the Teucrium 2x Long Daily XRP ETF (XXRP), the first leveraged XRP ETF listed on NYSE Arca.
Meanwhile, Grayscale and 21Shares are waiting on SEC approval for their spot XRP ETF products. The regulatory body has up to 240 days to make a decision, with final deadlines scheduled for October 18 and 19, 2025.
Despite a nearly 20% drop in XRP’s price over the last month, institutional confidence appears unfazed. Ripple recently confirmed progress in its long-standing legal standoff with the SEC, with both sides agreeing to a 60-day pause in proceedings as settlement discussions continue.