Related articles
HashKey Capital announced its third fund, HashKey FinTech Investment Fund III, with a total commitment of $500 million, according to a Jan. 17 press release.
According to the announcement, Fund III will deploy capital to advance crypto and blockchain initiatives globally, focusing on emerging markets. As reported, a number of institutions, including sovereign wealth funds, corporations, and family offices, offered strong support to the initiative.
Dr. Xiao Feng, Chairman of HashKey Group, said:
“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.”
The new fund will invest primarily in infrastructures, toolings, and applications that have the ‘potential for mass adoption.’ Moreover, Fund III will provide institutional-grade access to all aspects of blockchain and crypto technology, according to the press release.
According to Hashkey, the firm has managed over US$1 billion in clients’ assets since its launch in 2018. The asset manager has also invested in firms like Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, Animoca Brands, FalconX, Polkadot, Moonbeam, and Galxe.
As part of its multiple investments during the bear market of 2022, Hashkey Capital also served as an investor in the $12.5 million Wallet Connect funding round last November.
Credit: Source link
