HashKey Capital Secures $250M for New Fund, Eyes $500M to Bridge TradFi and Crypto
HashKey Capital, a leading Asian digital asset manager, has secured $250 million in the first close of its new $500 million crypto fund focused on real-world use cases.
Asia's crypto investment scene is getting a major capital injection. HashKey Capital, one of the region's largest digital asset fund managers, announced it has closed the first round for its fourth crypto fund, securing $250 million. The fund is targeting a total of $500 million, signaling strong investor confidence in the firm's strategy.
Fund IV: A Focus on Real-World Utility
The new fund, named the HashKey Fintech Multi-Strategy Fund IV, attracted capital from a mix of institutional investors, family offices, and high-net-worth individuals. According to the company, the fund will invest in both public and private markets, backing blockchain infrastructure and applications that support real-world and scalable use cases. A key part of its strategy includes 'crossover' investments, designed to capture value where traditional and blockchain finance intersect.
HashKey's Expanding Footprint in Asia
Based in Singapore, HashKey Capital has solidified its position as a major player, now managing over $1 billion in assets. The firm was an early institutional backer of Ethereum and has a track record of managing over $1 billion across more than 400 crypto projects. It has also played a pivotal role in Hong Kong's burgeoning crypto ecosystem, operating under local licenses and helping launch the city's first spot Bitcoin and Ether ETFs. Its parent company, Hashkey Holdings, made its public debut in Hong Kong earlier this month.
Investing in cryptocurrencies and related funds involves high volatility and a significant risk of principal loss. Investment decisions should be made with caution and at your own risk.
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