Ripple Labs, the crypto giant, reaches a milestone in its global expansion with the launch of Asia's first XRP crypto fund. In partnership with HashKey Capital, this fund aims to provide institutional investors with improved access to the third-largest cryptocurrency by market capitalization.
As Ripple continues its global push to drive adoption of its token XRP, the company has achieved a significant milestone in Asia. Ripple Labs has partnered with investment firm HashKey Capital to launch the first crypto fund dedicated to XRP in the region.
Under the agreement, HashKey Capital will roll out the “HashKey XRP Tracker Fund,” an investment vehicle providing institutional investors with easy access to the cryptocurrency developed by Ripple. As a lead and anchor investor, Ripple Labs will play a crucial role in this initiative, strengthening its ties with the traditional Asian finance sector.
“With the first XRP tracker fund available in the region, we are simplifying access to XRP and meeting the demand for investment opportunities in top digital assets”, stated Vivien Wong, partner at HashKey Capital.
This announcement comes as Ripple intensifies its efforts to promote XRP adoption worldwide. After successfully launching the first spot ETF on XRP in Brazil last February, the company seems to be focusing on the Asian market, a hub for various blockchain innovations.
Asia is a key strategic region for Ripple. As a pioneer in cryptocurrency adoption, it already hosts several projects utilizing Ripple’s technology, such as the cross-border payment service of the Thai central bank. The launch of this XRP dedicated fund is expected to boost interest among institutional investors in the cryptocurrency within this geographic area.
Medium-term plans by HashKey Capital even include regulatory advancements that could transform this fund into an exchange-traded fund (ETF) with stock market listing potential. “With regulatory approvals, the fund could evolve into an ETF in the next 1 to 2 years”, as explained by Vivien Wong.
This development comes in a particularly positive context for Ripple. After facing significant losses since its all-time high in January 2018, the cryptocurrency has seen a resurgence in recent months, with a gain of over 37% from its lowest point.
According to forecasts from a decentralized betting platform, the probability of the US SEC approving a spot ETF on Ripple’s token by the end of 2025 stands at 76%. Such a decision could propel XRP to the forefront and significantly boost its adoption.
Despite these promising outlooks, Ripple CEO, Brad Garlinghouse, has recently ruled out the possibility of the company going public, stating that Ripple has enough capital without needing to resort to that option.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
