HashKey Capital, a global asset manager that is said to be specializing in crypto and blockchain, announced the initial closing of its fourth fund, HashKey Fintech Multi-Strategy Fund IV. The fund concluded with US$250 million in total commitments, exceeding “initial expectations and drawing significant interest” from a group of institutional investors. And as previously announced, the final AUM is targeted “at US$500 million. ”
Fund IV, whose general partner is HashKey Capital Investment (part of HashKey Capital, and together with its affiliates, the HashKey Group, include a mix of “institutional investors, family offices, and high net-worth individuals.”
Fund I has achieved a DPI of over 10x, which “signals institutional appetite for high-conviction blockchain exposure despite shifting global market dynamics.”
Fund IV will pursue a multi-strategy investment approach “to advance outstanding digital asset initiatives with a focus on infrastructures, scalable, and mass-adoption use cases globally.”
The fund combines a public-market strategy “with liquidity generating crossover opportunities to capture structural inefficiencies for the digital assets industry.”
It is also complemented by selective private-market “investments in innovations to enhance alpha.”
Since its inception in 2018, HashKey Capital claims that it has “been a cornerstone of the global blockchain ecosystem.”
With over US$1 billion in assets under management (AUM), the firm has managed a “portfolio of more than 400 projects worldwide.”
As an early institutional backer of Ethereum (ETH), HashKey Capital says that it has a “track record of identifying industry-defining technologies.”
Based in Singapore with a presence in Hong Kong and Japan, HashKey Capital is a key player in “regulated investment, being among the first in Hong Kong to receive licensed upgrades for Type1 (Dealing in Securities), Type 4 (Securities Advisory) and Type 9 (Asset Management) services.”
Through its role in launching Hong Kong’s Spot Bitcoin and Ether ETFs, HashKey Capital continues to be the so-called “bridge between Eastern and Western crypto ecosystems and communities.”
Fund IV will provide investors with “institutional-grade exposure to all facets of blockchain and crypto technologies.”
This new fund aims to invest with “a multi-facet strategy in infrastructures, toolings, and applications that have potential for mass adoption.”
As stated in a release, HashKey Capital is a digital asset and blockchain firm that is said to now be helping institutions, founders and talents “advance the blockchain industry.”
As one of the crypto fund managers and being one of the corporate investors in Ethereum, HashKey Capital has managed “over US$1 billion in client assets since its inception.”
Leveraging its expertise, HashKey Capital’s venture investments team oversees a “portfolio of over 400 projects across institutional services, infrastructure, data, AI, consumer services/technology.”
HashKey Capital also now reportedly manages a “suite of digital asset products, including an actively managed fund and the Bosera HashKey Bitcoin (3008.HK) and Ether (3009.HK) spot ETFs, which are listed on the Hong Kong Stock Exchange (HKEX).”
HashKey has also launched HashKey Fintech Multi-Strategy Fund IV in September 2025, targeting over “USD 500 million to bridge traditional financial capital with on-chain assets.”
With their knowledge across the blockchain ecosystem, HashKey Capital has built a network that is now connecting “founders, investors, developers, and regulators.”