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HashKey Capital raises $500M for Web3 applications

Metaverse news about HashKey Capital, a global asset manager that concentrates on crypto and blockchain, just revealed the final closing of its third fund, HashKey FinTech Investment Fund III, with a total commitment of $500 million. HashKey FinTech Investment is the general partner of Fund III, which got a lot of support from institutional investors such as sovereign wealth funds, corporations, and family offices.

The funds from Fund III will be used to support great crypto and blockchain projects around the world, with a focus on the growing opportunities in emerging markets.

“HashKey Capital has weathered at least three cycles in the industry. These unique experiences and insights will be invaluable to us in navigating 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 HashKey Group was an early supporter of crypto and blockchain technology, and we are pleased to continue to take on this responsibility, and work with our partners to establish the gold standard for the industry’s sustainable growth.” said Deng Chao, CEO of HashKey Capital and Head of HashKey Singapore.

“Most people from the industry recognize HashKey Group as a global investment pioneer in blockchain, but few are aware that the 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 maintained since the first day that the power of blockchain and crypto innovation can create a better future. Fund III will follow our time-tested investment principles while also looking for game-changers, which would be those that will propel the industry forward into the next stage.” said Dr. Xiao Feng, Chairman of HashKey Group.

Fund III will give investors with institutional-grade exposure to all aspects of blockchain and crypto technologies. This new fund intends to invest primarily on apps, infrastructures, and tools that have the potential for widespread adoption.

HashKey Capital has managed almost $1 billion in customer assets since its founding in 2018 and has a strong track record of investing across all stages of blockchain and cryptocurrency companies. HashKey Capital has invested in numerous high projects and businesses, such Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Mask Network, FalconX, Polkadot, Moonbeam, Space and Time, and Galxe, to date.

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