SOL, ADA, DOGE pull back, bitcoin holds above $74,000 as Asia recoups Iran war losses CoinDesk
Source link ]]>
Cardano foundations unite for 70 million ADA infrastructure bid CFOtech Asia
Source link ]]>
Eric Trump, US President Donald Trump’s son, on Monday clarified his allegiance to Metaplanet only in the Asian region. The move comes in response to rumors stirring about his involvement in another company in Asia amid his visit to the region. Eric Trump Clarifies Commitment to Metaplanet Only Eric Trump took to the X platform
The post Eric Trump Clarifies Ties in Asia Other Than Metaplanet, MTPLF Stock Slips appeared first on CoinGape.
]]>Shiba Inu Price Slips but Team Confirms Asia Tour and Bullish Autumn View CoinCentral
Source link ]]>
Dogecoin News Today: Asia Expansion Drives Shiba Inu’s Long-Term Vision Over Price Recovery AInvest
Source link ]]>
The $200M publicly listed company, DV8, is set to revolutionize Southeast Asia’s financial landscape with its bold foray into crypto. The Thailand-based company has secured a massive $7.4 million in funding to establish the region’s first Bitcoin treasury. DV8 To Establish Southeast Asia’s First Bitcoin Treasury In the latest development within Thailand’s robust crypto space,
The post Thailand’s $200M DV8 To Pioneer Bitcoin Treasury in Southeast Asia with $7.4M Boost appeared first on CoinGape.
]]>Cryptocurrencies Price Prediction: Dogecoin, PEPE & Quant – Asia Wrap 27 May FXStreet
Source link ]]>
Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cardano – Asia Wrap 22 May FXStreet
Source link ]]>
XRP to Get Major Institutional Adoption Boost in Asia, 21,000,000,000,000 Shiba Inu Support Is Born, Dogecoin Breaks into Top 8 of Crypto Market: Crypto News Digest by U.Today U.Today
Source link ]]>
Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Ripple is again breaking into the Asia market with a new XRP product, which would help drive institutional adoption. This move has been made in partnership with HashKey Capital, which launched this fund in order to expand institutional access to the altcoin.
Ripple Invests In HashKey’s XRP Product
In an X post, Hashkey Capital announced that it is launching Asia’s first XRP Tracker Fund with Ripple as an early investor. The asset manager noted that this move represents a significant step in expanding institutional access to XRP.
Related Reading
The firm further stated that it chose XRP because the altcoin is at the forefront of cross-border payments, thanks to Ripple’s payment services, and enables faster, cheaper, and more efficient transactions than traditional systems, such as SWIFT. XRP is also enabling the tokenization of Real World Assets (RWAs) on its native blockchain, the XRP Ledger (XRPL). HashKey added that financial institutions and enterprises worldwide are already using XRP.
The asset manager also noted that the XRP Tracker Fund is its third tracker fund, following its Bitcoin and Ethereum exchange-traded funds (ETFs). The firm also raised the possibility of converting the fund into an ETF within the next one to two years, subject to regulatory approval. This move will further broaden institutional access.
Beyond the XRP Tracker Fund, HashKey Capital and Ripple are also partnering to explore new investment products, cross-border DeFi solutions, and tokenization. This includes the potential launch of a money market fund (MMF) on the XRPL.
Meanwhile, for the tracker fund, Ripple will seed the initial investment. Hashkey stated that with Ripple as an anchor investor, this fund marks a “deepening collaboration” between two leaders in the blockchain space. The asset manager reaffirmed that the goal is to bring more institutional capital into regulated XRP products and the broader digital asset ecosystem.
Ripple continues to make moves to boost XRP’s adoption. The crypto firm recently agreed to acquire prime broker Hidden Road for $1.25 billion, one of the largest deals in crypto history. Through this acquisition, the crypto firm aims to boost XRP and the RLUSD’s utility as it looks to make its mark in both the traditional finance (TradFi) and decentralized finance (DeFi) space.
XRP Could Allegedly Play A Major Role in The Federal Reserve’s Plans
In an X post, crypto commentator CryptoGeek alleged that the Federal Reserve has officially hinted that they may use XRP to power the blockchain component of their FedNow payment system. CryptoGeek added that this has come following multiple rumored meetings with Ripple. However, the Fed has yet to make any official statement on this development.
Related Reading
Ripple will undoubtedly continue to make progress with getting financial institutions, especially US banks, to adopt its payment service, which XRP facilitates. The crypto firm is nearly in the clear with its lawsuit against the US SEC, as the court recently granted a joint motion to pause the appeal case while they finalize their settlement. As such, with the long-running legal battle almost out of the way, these institutions will be more inclined to partner with Ripple.
Featured image from Dall.E, chart from TradingView.com