HashKey Capital announces successful fundraising of $500 million for its third fund

A global asset management firm focused on investments in the blockchain and cryptocurrency industry recently announced the completion of fundraising for its third fund, which has reached a scale of $500 million. The fund has received strong support from institutional investors, with a lineup that includes sovereign wealth funds, large corporations, and family offices.

This asset management firm stated that the newly raised third phase fund will seek outstanding cryptocurrency and blockchain projects globally, while also focusing on growth opportunities in emerging markets.

The CEO of the institution stated: "Our team has gone through at least three industry cycles, and the experience we have accumulated helps us maintain stability amidst market fluctuations. We are one of the few crypto investment institutions that have obtained relevant licenses in both Hong Kong and Singapore. We will work with partners to set institutional-level standards for the sustainable development of the industry."

The chairman of the group pointed out: "As one of the earliest institutional investors in Ethereum, we have always believed that blockchain and cryptocurrency technology innovation can create a better future for humanity. The third phase of the fund will adhere to past investment principles while seeking disruptive investment targets to drive the industry into the next stage."

The newly raised Phase III fund will primarily invest in areas such as infrastructure, tools, and applications with the potential for large-scale adoption.

Since its establishment in 2018, this asset management firm has managed over $1 billion in client assets, with a mature investment track record across various stages of blockchain and crypto projects. To date, the firm has invested in several well-known projects, including Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, Animoca Brands, Polkadot, and more.

As one of the largest and most influential blockchain investment institutions in Asia, the company is committed to linking Web2 and Web3, working with entrepreneurs, investors, communities, and regulatory agencies to build a sustainable blockchain ecosystem. The company's business spans regions including Hong Kong, Singapore, Japan, and the United States, having invested in over 500 companies worldwide, covering multiple fields such as infrastructure, tools, and applications with large-scale adoption potential.