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Sunday, February 5, 2023

Nw: Hong Kong Basically primarily based mostly HashKey Capital Raises $500 Million For Third Crypto Fund

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  • HashKey Capital has concluded a $500 million funding round for its third crypto fund. 
  • The Hong Kong-primarily based totally mostly firm plans to make investments in crypto and blockchain ventures across the enviornment. 
  • The asset supervisor has invested in approved projects like Polkadot, 1inch, etc. 
  • The fresh crypto fund comes amid a brutal crypto winter that has glum other institutions from investing. 

HashKey Capital, the Hong Kong-primarily based totally mostly investing subsidiary of the HashKey Community, unveiled a fresh crypto fund earlier this present day. The asset funding firm revealed that it had secured a whopping $500 million in dedicated capital for what’s going to be its third such funding fund. 

HashKey Fintech Funding Fund III

The HashKey Fintech Funding Fund III is determined to make investments in crypto and blockchain projects across the enviornment with a battle chest price $500 million. Basically primarily based mostly on a press liberate from the HashKey Community, the most fresh fund will be deployed to enlarge crypto adoption across the globe, namely in rising economies. 

Fund III will provide investors with institutional-grade publicity to all facets of blockchain and crypto applied sciences. This fresh fund targets to make investments primarily in infrastructures, toolings, and applications which be pleased doable for mass adoption.”

Since its founding in 2018, HashKey Capital has managed over $1 billion in consumer sources. The firm has invested in approved crypto projects in conjunction with Polkadot, DeFi substitute 1inch, and layer 2 network Aztec. It used to be one of the vital earliest institutional investors in Ethereum, whose newest Shanghai upgrade used to be reportedly named after the funding firm. 

The funding fund’s start comes at a time when institutions across the enviornment are glum by the prolonged crypto winter. Nonetheless, the turmoil within the crypto market appears to agree with now not be pleased any attain on the Hong Kong-primarily based totally mostly asset supervisor. Basically primarily based mostly on CEO Deng Chao, the firm has weathered on the least three cycles within the crypto industry and one and all has left the firm with experiences and insights that are coming in to hand. 

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