Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn

On Tuesday, world asset supervisor Hashkey, which focuses on crypto and blockchain investments, introduced that it has closed its third fund at $500 million. The firm’s “HashKey Fintech Investment III” is devoted to growing crypto options, blockchain expertise, and Web3 ideas.

Hashkey Capital’s Fund III to Focus on Web3, Emerging Markets and Crypto Solutions

Amid the crypto market downturn, world asset supervisor Hashkey Capital introduced the closing of a brand new fund, “Hashkey Fintech Investment III,” after elevating $500 million. According to Hashkey, the fund “received strong support from institutional investors namely sovereign wealth funds, renowned family offices, and corporations.” Hashkey Capital is without doubt one of the largest crypto funds in Asia because it manages greater than $1 billion in buyer property.

“Hashkey Capital weathered at the least three cycles within the trade,” Deng Chao, the pinnacle of Hashkey Group Singapore and CEO of Hashkey Capital said in a press release on Tuesday. “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,” the CEO of Hashkey Capital added.

Despite the crypto winter, which has shaved $2 trillion off the crypto financial system’s web worth, investments within the area have continued. For instance, whereas talking on the World Economic Forum event in Davos, Switzerland, Animoca Brands co-founder Yat Siu said his agency plans to develop its portfolio by 30% by the top of 2023. As for Hashkey’s Fund III, the funds shall be “deployed to advance exceptional crypto and blockchain initiatives around the world, focusing on the growing opportunities in emerging markets.”

The Hashkey Fund III announcement provides:

Fund III will present buyers with institutional-grade publicity to all sides of blockchain and crypto applied sciences. This new fund goals to take a position primarily in infrastructures, toolings, and purposes which have the potential for mass adoption.

According to Crunchbase, the corporate has a portfolio of roughly 56 investments so far, together with investments in Aztec, Cosmos, Coinlist, Falcon X, Polkadot, and Animoca Brands. In mid-December 2022, the agency’s Hashkey Digital Asset Group (HDAG) partnered with Hong Kong-based ZA International to discover “cooperative opportunities on digital assets, Web3, and distributed ledger technology (DLT), among other areas.” Every week previous to partnering with ZA International, HDAG signed a take care of SEBA Bank to “speed up the adoption of digital property in Hong Kong and Switzerland.”

How do you see Hashkey Capital’s Fund III positioning itself within the crypto and blockchain trade? Let us know what you concentrate on this topic within the feedback part beneath.