HashKey Capital, a subsidiary of HashKey Holdings, mentioned it closed the primary spherical of fundraising for its fourth crypto fund, locking in $250 million from a mixture of institutional buyers, household places of work and high-net-worth people.
The fund, HashKey Fintech Multi-Technique Fund IV, is concentrating on a closing shut of $500 million. It should spend money on each private and non-private markets, backing blockchain infrastructure and functions that help real-world and scalable use instances, the corporate mentioned.
The technique contains crossover investments to seize worth the place conventional and blockchain finance intersect.
Primarily based in Singapore, HashKey has emerged as one in every of Asia’s largest digital asset fund managers and now has over $1 billion in belongings below administration. It operates below licenses in Hong Kong and performed a task in launching the town’s first spot bitcoin and ether ETFs.
The agency was an early institutional backer of Ethereum and has managed over $1 billion throughout greater than 400 crypto tasks. Its guardian, Hashkey Holdings, made its public debut in Hong Kong this month.