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Ripple enters the Asia market again with a new XRP productWhich would help stimulate institutional adoption. This decision was made in partnership with Hashkey Capital, which launched this fund in order to extend institutional access to Altcoin.
Ripple invests in the XRP product of hashkey
In a X postHashkey Capital announced that he was launching the first XRP Tracker Fund for Asia with Ripple as an early investor. The asset manager noted that this decision represents an important step in expansion Institutional access to XRP.
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The company also declared that it had chosen XRP because Altcoin is at the forefront of cross-border payments, thanks to Ripple’s payment services, and allows faster, cheaper and more efficient transactions than traditional systems, such as Swift. XRP also allows the tokenization of active active world (RWAS) on its native blockchain, the XRP Ledger (XRPL). Hashkey added that financial institutions and companies around the world already use XRP.
The active manager has also noted that the XRP Tracker Fund is its third tracker fund, after its bitcoin and Funds negotiated by Etheum (ETF). The company has also raised the possibility of converting the fund to FNB in the coming at two years, subject to regulatory approval. This decision will further expand institutional access.
Beyond the XRP Tracker fund, Hashkey capital And Ripple is also associated with exploring new investment products, cross -border challenge solutions and tokenization. This includes the potential launch of a monetary market fund (MMF) on XRPL.
Meanwhile, for the Tracker fund, Ripple will enter the initial investment. Hashkey said that with Ripple as an anchor investor, this fund marks a “in -depth collaboration” between two leaders in the blockchain space. The asset manager has reaffirmed that the objective is to put more institutional capital in regulated XRP products and the wider digital asset ecosystem.
Ripple continues to make movements to increase the adoption of XRP. The Crypto Company recently agreed to acquire Broker Hidden Road bonus For $ 1.25 billion, one of the biggest offers in the history of cryptography. Thanks to this acquisition, the Crypto company aims to increase XRP and the usefulness of the RUSD while it seeks to make its mark in the traditional funding space (tradfi) and decentralized financing (DEFI).
XRP could play a major role in the plans of the Federal Reserve
In a post X, the commentator Crypto Cryptogeek alleged that the Federal reserve Officially hinted that they can use XRP to feed the blockchain component of their Fednow payment system. Cryptogeek added that it came after several rumor meetings with Ripple. However, the Fed has not yet made an official declaration on this development.
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Ripple will undoubtedly continue to progress with the obtaining of financial institutions, in particular American banks, to adopt its payment service, which XRP facilitates. The Crypto company is almost clear with its trial against the dry in the United States, as the court recently granted A joint movement To take a break from the call while they finalize their settlement. As such, with the long -standing legal battle, these institutions will be more inclined to associate with Ripple.
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