HashKey Group, a Hong Kong-based firm managing a trading platform, has listed XRP for high-profile investors in Asia. The company announced on May 30, that the XRP/USD spot market is now live, though it recorded a modest $4,000 in trading volume in the first hour.
Licensed by the Hong Kong Securities and Futures Commission (SFC), HashKey Group focuses on serving institutional investors across the region. This new listing of XRP follows the U.S. decision to include XRP in its strategic crypto reserve alongside four other cryptocurrencies, indicating that XRP is gaining significance.
HashKey said they chose to list XRP because it did well in late 2024, which started a trend where other cryptocurrencies also gained attention, a period they call the “first altcoin season” of this cycle.
As per the announcement, this listing also builds on HashKey’s partnership with Ripple, the company that created and issued XRP. In April 2025, Ripple and HashKey worked together to launch Asia’s first XRP tracker fund.
Fiona Murray, Ripple’s managing director for the Asia-Pacific region, has praised this partnership. She stated that “HashKey Capital has played a vital role in broadening institutional access to XRP in Asia. From the region’s first XRP Tracker Fund to this listing on HashKey Exchange, our joint efforts focus on practical use cases.”
Murray said that they are pleased to work with HashKey and bring new ideas to the crypto world safely and responsibly.
At the time of writing, XRP is trading at $2.19, which is down 4.3% in the past 24 hours, following the bearish trend in the broader crypto market.
Even with this price dip, HashKey’s decision to list XRP shows they believe it has a strong future, especially for big investors in Asia who want safe, regulated ways to invest in crypto.
The move also highlights that more people are starting to see XRP as a suitable option for things like sending money across countries and for big investment portfolios, solidifying its importance in the growing world of digital money.
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