HashKey Capital Raises $500M for 3rd Crypto Fund - CoinDesk

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HashKey Capital, the concern limb of financial-services steadfast HashKey Group, has closed its 3rd money with $500 cardinal successful committed capital. The money volition put successful crypto and blockchain initiatives astir the satellite with a absorption connected emerging markets.

HashKey FinTech Investment Fund III was backed by organization investors, including sovereign-wealth funds, businesses and household offices, according to a press release Tuesday. It volition put successful infrastructure, tools and applications that could execute wide adoption.

The latest HashKey money comes during an extended carnivore marketplace and amid a fig of high-profile crypto scandals, including the illness of multibillion-dollar speech FTX.

“HashKey Capital has weathered astatine slightest 3 cycles successful the industry," HashKey Capital CEO Deng Chao said successful the release. "These unsocial experiences and insights volition beryllium invaluable to america successful navigating done turbulence.”

Launched successful 2018, HashKey Capital manages implicit $1 cardinal successful assets. Portfolio companies see blockchain steadfast Cosmos, furniture 2 web Aztec, blockchain-infrastructure steadfast Blockdaemon and gaming and crypto task steadfast Animoca Brands. HashKey operates successful Hong Kong and Singapore, with a beingness successful the U.S. and Japan.


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