HashKey Capital Closes Fund III at $500M in Commitments to Build Web3

HashKey Capital, a global asset manager specializing in crypto and blockchain, has announced the final closing of its third fund, HashKey FinTech Investment Fund III  with a total commitment of US$500 million.

Fund III received strong support “from institutional investors namely sovereign wealth funds, renowned family offices, and corporations.”

The capital from HashKey Fund III will be “deployed to advance outstanding crypto and blockchain initiatives around the world, focusing on the growing opportunities in emerging markets.”

Deng Chao, Head of HashKey Group Singapore and CEO of HashKey Capital.

“HashKey Capital weathered at least three cycles in the industry. From each unique experience, we gained important insights that will allow us to navigate through turbulence. We are one of the few crypto investors that have been granted a license for fund management involving digital assets in Hong Kong, with another approval in principle received for fund management in Singapore. HashKey was an early supporter of crypto and blockchain technology, therefore, we are pleased to take on this responsibility and work with our partners to establish the gold standard for the industry’s sustainable growth.”

Dr. Xiao Feng, Chairman of HashKey Group notes:

“Most people from the industry recognize HashKey as a global pioneer investor, but few are truly aware that HashKey was the inspiration behind the name ‘Shanghai Upgrade’. As the earliest institutional investor in Ethereum and the hosting party of Devcon2, we have maintained since day 1 that the power of blockchain and crypto innovation can create a better future. Fund III will follow our investment principles and objectives while also looking for game-changers, those that will propel the industry forward into the next stage.”

Fund III will “provide investors with institutional-grade exposure to all facets of blockchain and crypto technologies.” This new fund aims “to invest primarily in infrastructures, toolings, and applications that have the potential for mass adoption.”

Since its inception in 2018, HashKey has “managed over US$1 billion in client assets with a proven track record of investing across all stages of blockchain and crypto companies.”

To date, HashKey Capital has “invested in many top projects, including Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Falcon X, Polkadot, Moonbeam, Space and Time, and Galxe.”

HashKey Capital is “a global asset manager investing exclusively in blockchain technology and digital assets, managing over US$1 billion in client assets since its inception.”

As one of the largest crypto funds based in Asia and known for being Ethereum’s earliest corporate investor, its mission is “to bridge digital assets to the mainstream while connecting Web2 and Web3.”

HashKey Capital “operates in Hong Kong, Singapore, and has significant presence in Japan and the U.S.” They have “invested in over 500 global projects related to infrastructures, toolings, and applications with great potential for mass adoption.”

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