This fund marks HashKey's third tracker product, following their successful Bitcoin and Ethereum ETFs, and it aims to simplify access to a high-utility asset.

By addressing concerns about direct ownership and storage security of cryptocurrencies, the fund simplifies the investment process for institutions.

Ripple and HashKey Capital have launched Asia's first XRP Tracker Fund, designed to facilitate institutional investments in XRP while adhering to regulatory standards.

The initiative aligns with recent regulatory developments in Asia, providing compliant investment opportunities as governments establish clearer digital asset guidelines.

CF Benchmarks will provide the fund's benchmark, ensuring reliable tracking of XRP's performance, which is crucial for institutional investors.

Despite a nearly 20% price decline for XRP over the past month, institutional confidence remains strong, bolstered by Ripple's progress in its legal battle with the SEC.

The SEC has up to 240 days to review the Grayscale XRP Trust and the 21Shares Core XRP Trust, with final deadlines approaching in mid-October 2025.

Interest in XRP ETFs is growing, with Teucrium Investment Advisors recently approved for the first leveraged XRP ETF in the U.S., while several firms are competing to launch spot XRP ETFs.

XRP is recognized as a leading cryptocurrency for international money transfers, offering fast and cost-effective transactions for financial institutions.

Hank Huang, CEO of Kronos Research, highlighted that this launch represents a significant moment for institutional adoption of crypto in Asia, as regulated products are crucial for investor confidence.

The proven use case of XRP in cross-border payments, combined with HashKey's infrastructure, is expected to lead to increased capital inflows and broader acceptance of cryptocurrencies in global finance.

Standard Chartered forecasts that XRP could surpass Ethereum by 2028, driven by rising demand for efficient cross-border payment solutions.