Thailand has been significantly increasing its regulation of crypto.
The fund seeks to raise A$25 million ($18.4 million) over a three-month period, promising clients a 100% FIL return over five years.
Ripple said its investment in Tranglo is a part of its commitment to enhancing the payments ecosystem in Southeast Asia.
The fund, based in Labuan, Malaysia, aims to open access to digital assets for Southeast Asian institutional investors.
Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-ASEAN Expo on Friday.
Many southeast Asians consumers are interested in establishing or increasing their crypto investments, according to the OECD, but also admit to not really understanding them.
Multinational bitcoin platform BitX has raised $4m in a round led by South Africa's third largest company, the Naspers Group.
BitX is expanding into the world's second-fastest growing economy, Indonesia, bringing a fixed-price bitcoin exchange to its 252 million inhabitants.
Singapore bitcoin exchange and wallet CoinHako has received a personal 'six-figure' investment from Tim Draper after completing Boost VC.
Philippine remittance service Coins.ph now allows users to send funds for collection at a network of bank ATMs.
Bitcoin remittances can make immigrant workers' lives easier without them even knowing the digital currency is involved.
BitX, which aims to bring advanced bitcoin services to emerging markets, has opened its latest exchange in Malaysia.
Taxi passengers in Malaysia are Asia's first to be able to pay with bitcoin, thanks to matching service Taximonger.
Asian exchange Bitcoin Vietnam has added wallet functionality that allows 'off-chain' transactions between users and instant trading functionality.
Singapore's chief regulator says bitcoin companies will be regulated in a way that addresses risks, but doesn't stifle innovation.