Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn

On Tuesday, planetary plus manager Hashkey, which focuses connected crypto and blockchain investments, announced that it has closed its 3rd money astatine $500 million. The company’s “HashKey Fintech Investment III” is dedicated to processing crypto solutions, blockchain technology, and Web3 concepts.

Hashkey Capital’s Fund III to Focus connected Web3, Emerging Markets and Crypto Solutions

Amid the crypto marketplace downturn, planetary plus manager Hashkey Capital announced the closing of a caller fund, “Hashkey Fintech Investment III,” aft raising $500 million. According to Hashkey, the money “received beardown enactment from organization investors namely sovereign wealthiness funds, renowned household offices, and corporations.” Hashkey Capital is 1 of the largest crypto funds successful Asia arsenic it manages much than $1 cardinal successful lawsuit assets.

“Hashkey Capital weathered astatine slightest 3 cycles successful the industry,” Deng Chao, the caput of Hashkey Group Singapore and CEO of Hashkey Capital said successful a connection connected Tuesday. “From each unsocial experience, we gained important insights that volition let america to navigate done turbulence. We are 1 of the fewer crypto investors that person been granted a licence for money absorption involving integer assets successful Hong Kong, with different support successful rule received for money absorption successful Singapore,” the CEO of Hashkey Capital added.

Despite the crypto winter, which has shaved $2 trillion disconnected the crypto economy’s nett value, investments successful the abstraction person continued. For example, portion speaking astatine the World Economic Forum event successful Davos, Switzerland, Animoca Brands co-founder Yat Siu said his steadfast plans to turn its portfolio by 30% by the extremity of 2023. As for Hashkey’s Fund III, the funds volition beryllium “deployed to beforehand exceptional crypto and blockchain initiatives astir the world, focusing connected the increasing opportunities successful emerging markets.”

The Hashkey Fund III announcement adds:

Fund III volition supply investors with institutional-grade vulnerability to each facets of blockchain and crypto technologies. This caller money aims to put chiefly successful infrastructures, toolings, and applications that person the imaginable for wide adoption.

According to Crunchbase, the institution has a portfolio of astir 56 investments to date, including investments successful Aztec, Cosmos, Coinlist, Falcon X, Polkadot, and Animoca Brands. In mid-December 2022, the firm’s Hashkey Digital Asset Group (HDAG) partnered with Hong Kong-based ZA International to research “cooperative opportunities connected integer assets, Web3, and distributed ledger exertion (DLT), among different areas.” A week anterior to partnering with ZA International, HDAG signed a woody with SEBA Bank to “accelerate the adoption of integer assets successful Hong Kong and Switzerland.”

How bash you spot Hashkey Capital’s Fund III positioning itself successful the crypto and blockchain industry? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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