Hashkey, a global asset manager focused on crypto and blockchain investments, announced Tuesday that it has closed its third fund for $500 million. The company’s HashKey Fintech Investment III focuses on the development of crypto solutions, blockchain technology, and web3 concepts.
Hashkey Capital’s Fund III will focus on Web3, emerging markets, and crypto solutions
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Amid the crypto market downturn, global asset managerHashkey Capitalannounced the closing of its new fund, Hashkey Fintech Investment III, after raising $500 million, according to Hashkey. fund “received strong support from institutional investors: sovereign wealth funds, well-known family offices, and corporations. “Hashkey Capital is one of the largest crypto funds in Asia, as it manages over $1 billion in client assets.
“Hashkey Capital has weathered at least three cycles in the industry.” Deng Chao, head of Hashkey Group Singapore and CEO of Hashkey Capital , said in a statement on Tuesday.” Each unique experience has given us important insights that will enable us to navigate the turbulence. We are one of the few crypto investors licensed to manage funds involving digital assets in Hong Kong and have received separate approval in principle to manage funds in Singapore,” added Hashkey Capital’s CEO.
Despite the crypto winter, which has shaved $2 trillion off the net value of the crypto economy, investments in this space continue. For example, speaking at a World Economic Forumevent in Davos, Switzerland, Yat Siu, co-founder of Animoca Brands,said his company plans to grow its portfolio by 30% by the end of 2023.Hashkey’s As for Fund III, he said the funds will be deployed to “focus on growth opportunities in emerging markets and to advance exceptional crypto and blockchain initiatives around the world.”
The Hashkey Fund III announcement adds.
Fund III will provide investors with institutional grade exposure to all aspects of blockchain and cryptography technology. This new fund aims to invest primarily in infrastructure, tooling, and applications that have the potential for mass adoption.
According to Crunchbase, the company has a portfolio of approximately 56 investments to date, including investments in Aztec, Cosmos, Coinlist, FalconX, Polkadot, and Animocha Brands. mid-December 2022, the company Hashkey Digital Asset Group (HDAG) partnered with Hong Kong-based ZA International to explore “opportunities for cooperation on digital assets, Web3, and distributed ledger technology (DLT).” One week before partnering with ZA International, HDAG signed an agreement with SEBA Bank to “accelerate the adoption of digital assets in Hong Kong and Switzerland.”
Image Credit:: Shutt