• Global asset manager Hashkey Capital announced the closing of its third fund at $500 million.
• The fund, „Hashkey Fintech Investment III,“ is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts.
• The fund received strong support from institutional investors such as sovereign wealth funds, renowned family offices, and corporations.
Global asset manager Hashkey Capital announced the closing of its third fund, „Hashkey Fintech Investment III,“ on Tuesday, raising $500 million. Despite the crypto market downturn, the fund received strong support from institutional investors such as sovereign wealth funds, renowned family offices, and corporations.
The fund is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts. Hashkey Capital is one of the largest crypto funds in Asia, managing more than $1 billion in customer assets. Deng Chao, the head of Hashkey Group Singapore and CEO of Hashkey Capital, believes the company is one of the few crypto investors that have been granted a license for fund management involving digital assets in Hong Kong. An approval in principle was also received for fund management in Singapore.
Hashkey Fintech Investment III seeks to invest in projects that are developing blockchain technology, crypto solutions, and Web3 concepts. The fund will also focus on emerging markets and their potential applications of blockchain technology.
Animoca Brands co-founder Yat Siu spoke at the World Economic Forum event in Davos, Switzerland, announcing the firm’s plans to grow its portfolio by 30% by the end of 2023. This is evidence that despite the crypto winter, investments in the space have continued.
Hashkey Capital is confident that its new fund will help in the acceleration of blockchain technology and crypto solutions. Through its investments, the firm hopes to provide financial and technological resources to projects that can make a real impact on the industry.