Hong Kong's HashKey Group Raises $360M Blockchain Fund

2 years ago

Hong Kong's HashKey Group, the integer assets and blockchain limb of Chinese conglomerate Wanxiang Group, has received $360 cardinal committedness from investors for its caller blockchain fund.

  • The money volition pat into task equity successful Asian startups, arsenic good arsenic early-stage companies and large liquid tokens, the institution said successful a press release connected Friday. It volition not people immoderate circumstantial verticals wrong the blockchain field.

  • Given however overmuch the deployment of blockchain successful concern and user cases has grown successful the past year, "this is simply a bully clip to pat into the imaginable of the exertion and leverage the vantage of aboriginal adoption," Michel Lee, Executive President of HashKey Group said successful the property release.

  • HashKey Group has invested successful immoderate of the world's biggest blockchain projects, including cross-chain protocol Polkadot, crypto lender BlockFi, decentralized concern protocol Terra, NFT and metaverse money Animoca Brands, privateness instrumentality Mask, and blockchain node infrastructure supplier Blockdaemon.

  • HashKey has besides invested successful firms dealing successful brokerage, custody, and staking.

DISCLOSURE

The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.

Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.


Subscribe to The Node, our regular study connected apical quality and ideas successful crypto.

By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.

View source