Hong Kong Based HashKey Capital Raises $500 Million For Third Crypto Fund

• HashKey Capital has concluded a $500 million funding round for its third crypto fund. 
• The Hong Kong-based firm plans to invest in crypto and blockchain ventures around the world. 
• The asset manager has invested in popular projects like Polkadot, 1inch, etc. 
• The new crypto fund comes amid a brutal crypto winter that has discouraged other institutions from investing. 

HashKey Capital, the Hong Kong-based investing subsidiary of the HashKey Group, unveiled a new crypto fund earlier today. The asset investment firm revealed that it had secured a whopping $500 million in committed capital for what will be its third such investment fund.&

HashKey Fintech Investment Fund III

The HashKey Fintech Investment Fund III is set to invest in crypto and blockchain projects around the world with a war chest worth $500 million. According to a& press release& from the HashKey Group, the latest fund will be deployed to increase crypto adoption around the globe, particularly in emerging economies.&

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, toolings, and applications that have potential for mass adoption.”

Since its founding in 2018, HashKey Capital has managed over $1 billion in client assets. The firm has invested in popular crypto projects including Polkadot, DeFi exchange 1inch, and layer 2 network Aztec. It was one of the earliest institutional investors in Ethereum, whose latest Shanghai upgrade was reportedly named after the investment firm.&

The investment fund’s launch comes at a time when institutions around the world are discouraged by the prolonged crypto winter. However, the turmoil in the crypto market seems to have no effect on the Hong Kong-based asset manager. According to CEO Deng Chao, the firm has weathered at least three cycles in the crypto industry and each one has left the firm with experiences and insights that are coming in handy. 

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