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On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it had closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to the development of crypto solutions, blockchain technology and Web3 concepts.

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

Amid Crypto Market Slowdown, Global Asset Manager Hashkey Capital announced the closing of a new fund, “Hashkey Fintech Investment III”, after raising $500 million. According to Hashkey, the fund “has received strong support from institutional investors, including sovereign wealth funds, renowned family offices and corporates.” Hashkey Capital is one of the largest crypto funds in Asia, as it manages over $1 billion in client assets.

“Hashkey Capital has weathered at least three cycles in the industry,” said Deng Chao, Director of Hashkey Group Singapore and CEO of Hashkey Capital. said in a statement Tuesday. “From each unique experience, we have gained important information that will allow us to navigate through the turbulence. We are one of the few crypto investors to have obtained a license for fund management involving digital assets in Hong Kong, with another approval in principle received for fund management in Singapore,” the Hashkey CEO added. Capital.

Despite the crypto winter, which reduced the net worth of the crypto economy by $2 trillion, investment in the space has continued. For example, during a speech at the World Economic Forum an event in Davos, Switzerland, Yat Siu, co-founder of Animoca Brands said his company plans to grow its portfolio by 30% by the end of 2023. As for Hashkey’s Fund III, the funds will be “deployed to advance exceptional crypto and blockchain initiatives around the world, focusing on growing opportunities in emerging markets”.

The Hashkey Fund III announcement adds:

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 infrastructure, tools and applications that have the potential for mass adoption.

According to Crunchbase, the company has a portfolio of around 56 investments to date, including investments in the Aztec, Cosmos, Coinlist, Falcon X, Polkadot and Animoca brands. In mid-December 2022, the company’s Hashkey Digital Asset Group (HDAG) partnered with Hong Kong-based ZA International to explore “cooperation opportunities on digital assets, Web3 and distributed ledger technology (DLT), among other areas”. A week before partnering with ZA International, HDAG signed an agreement with SEBA Bank to “accelerate the adoption of digital assets in Hong Kong and Switzerland.”

Keywords in this story

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How do you see Hashkey Capital’s Fund III positioning in the crypto and blockchain industry? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for News about disruptive protocols emerging today.

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