HashKey Capital (“HashKey”), a global asset manager that specializes in cryptocurrency and blockchain, recently made an announcement regarding the successful completion of the final closing of its third fund, the HashKey FinTech Investment Fund III (“Fund III”), with a total commitment of $500 million. Institutional investors, such as sovereign wealth funds, renowned family offices, and enterprises, contributed significantly to Fund III and were very supportive of it.
Capital raised by HashKey Fund III will be invested in projects all over the world that are making significant strides in the fields of crypto and blockchain technology, with a particular emphasis on the expanding business possibilities in developing nations. The investors that participate in Fund III will receive exposure on an institutional level to all aspects of blockchain and crypto technologies. This brand-new fund intends to focus its investments largely on infrastructures, toolings, and applications that are capable of being utilized by a large number of people.
Establishing the Gold Standard for Industry’s Sustainable Growth
HashKey has a solid track record of investing across all phases of blockchain and cryptocurrency businesses, and since its founding in 2018, the company has managed over $1 billion in client assets. HashKey Capital has made investments in a wide variety of significant projects up to this point, some of which include Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Falcon X, Polkadot, Moonbeam, Space and Time, and Galxe.
Deng Chao, Head of HashKey Group Singapore and CEO of HashKey Capital, said: “HashKey Capital weathered at least three cycles in the industry. From each unique experience, we gained important insights that will allow us to navigate through turbulence. We are one of the few crypto investors that have been granted a license for fund management involving digital assets in Hong Kong, with another approval in principle received for fund management in Singapore.”
Deng Chao continued by saying that HashKey was an early supporter of cryptocurrency and blockchain technology. As a result, HashKey is glad to take on this responsibility and collaborate with its partners to build a gold standard for the industry’s continued sustainable growth. The company’s mission is to bring digital assets to the mainstream while also bridging the gap between Web2 and Web3.
Dr. Xiao Feng, Chairman of HashKey Group, said: “Most people from the industry recognize HashKey as a global pioneer investor, but few are truly aware that HashKey was the inspiration behind the name ‘Shanghai Upgrade’. As the earliest institutional investor in Ethereum and the hosting party of Devcon2, we have maintained since day 1 that the power of blockchain and crypto innovation can create a better future. Fund III will follow our investment principles and objectives while also looking for game-changers, those that will propel the industry forward into the next stage.”
HashKey Capital is one of the largest cryptocurrency funds based in Asia, and it is known for being Ethereum’s earliest corporate investor. HashKey Capital is active in Hong Kong and Singapore, and it also maintains a large presence in the United States and Japan. It has invested in over 500 projects all around the world that are related to infrastructures, toolings, and applications that have a significant potential for widespread adoption.
