HashKey Capital closes Fund III with USD 500 million in commitments to build Web3
SINGAPORE, 17 January 2023 /PRNewswire/ — HashKey Capital, a global asset manager specializing in crypto and blockchain, today announced the final closing of its third fund, HashKey FinTech Investment Fund III (“Fund III”), with a total commitment of 500 million dollars. Fund III, whose general partner is HashKey FinTech Investment (part of HashKey Capital, and together with its affiliates, the “HashKey Group”), received strong support from institutional investors including sovereign wealth funds, corporations and family offices.
Capital from Fund III will be used to advance outstanding crypto and blockchain initiatives globally, focusing on the growing opportunities in emerging markets.
“HashKey Capital has been through at least three cycles in the industry. These unique experiences and insights will be invaluable to us as we navigate through turbulence. We are one of the few crypto investors licensed for fund management involving digital assets in Hong Kongwith another approval in principle received for fund management i Singapore. HashKey Group was an early adopter of crypto and blockchain technology, and we are excited to continue to take on this responsibility, working with our partners to establish the gold standard for the industry’s sustainable growth.” Deng ChaoCEO of HashKey Capital and Head of HashKey Singapore.
“Most people in the industry recognize HashKey Group as a global blockchain investment pioneer, but few are aware that HashKey Group was the inspiration behind the name “Shanghai Upgrade” for Ethereum. As one of the earliest institutional investors in Ethereum and the host of Devcon2, we have argued since day one that the power of blockchain and crypto innovation can create a better future. Fund III will follow our time-tested investment principles while looking for game changers, who will be the ones who will propel the industry forward to the next stage.” said Dr. Xiao Fengchairman of HashKey Group.
Fund III will provide investors with institutional grade exposure to all facets of blockchain and crypto technologies. This new fund aims to invest primarily in infrastructures, tools and applications that have the potential for mass adoption.
Since its inception in 2018, HashKey Capital has succeeded USD 1 billion in client assets with a proven track record of investing across all stages of blockchain and crypto companies. To date, HashKey Capital has invested in many top projects and companies, including Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Mask Network, FalconX, Polkadot, Moonbeam, Space and Time, and Galxe.
About HashKey Capital
HashKey Capital, the investment arm of HashKey Group, is a global asset manager investing exclusively in blockchain technology and digital assets, managing over USD 1 billion in client assets since inception. As one of the largest crypto funds based in Asia and known for being Ethereum’s earliest corporate investor, our mission is to bridge digital assets into the mainstream and connect Web2 and Web3. HashKey Capital operates in Hong Kong, Singaporewith significant presence in Japan and the US, and has invested in over 500 global projects related to infrastructure, tools and applications that have the potential for mass adoption.
SOURCE HashKey Capital
