1 year ago
HashKey Capital announced its 3rd fund, HashKey FinTech Investment Fund III, with a full committedness of $500 million, according to a Jan. 17 press release.
According to the announcement, Fund III volition deploy superior to beforehand crypto and blockchain initiatives globally, focusing connected emerging markets. As reported, a fig of institutions, including sovereign wealthiness funds, corporations, and household offices, offered beardown enactment to the initiative.
Dr. Xiao Feng, Chairman of HashKey Group, said:
“Fund III volition travel our time-tested concern principles portion besides looking for game-changers, which would beryllium those that volition propel the manufacture guardant into the adjacent stage.”
The caller money volition put chiefly successful infrastructures, toolings, and applications that person the ‘potential for wide adoption.’ Moreover, Fund III volition supply institutional-grade entree to each aspects of blockchain and crypto technology, according to the property release.
According to Hashkey, the steadfast has managed implicit US$1 cardinal successful clients’ assets since its motorboat successful 2018. The plus manager has besides invested successful firms similar Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, Animoca Brands, FalconX, Polkadot, Moonbeam, and Galxe.
As portion of its aggregate investments during the carnivore marketplace of 2022, Hashkey Capital besides served arsenic an capitalist successful the $12.5 million Wallet Connect backing circular past November.
The station Hashkey Capital commits $500M to beforehand crypto, blockchain initiatives appeared archetypal connected CryptoSlate.
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