After raising $500 million, global asset manager Hashkey Capital announced that a new fund, “Hashkey Fintech Investment III”, was closed amid the crypto market slump.
Hashkey stated that the fund received strong support from institutional investors, including sovereign wealth funds, well-respected family offices, and corporations. Hashkey Capital, which manages over $1 billion in customer assets, is Asia’s largest crypto fund.
“Hashkey Capital has weathered at most three cycles in this industry,” Deng Chao (head of Hashkey Group Singapore, CEO of Hashkey Capital stated in Tuesday’s statement.
“From each experience, we gained valuable insights that will help us navigate through turbulent times. “We are among the few crypto investors to have been granted a license in Hong Kong for fund management involving digital asset, and another approval in principle for fund management in Singapore,” Hashkey Capital’s CEO stated.
Despite the fact that the crypto winter has reduced the net worth of the crypto economy by $2 trillion, investments in this space have continued. Yat Siu , co-founder of Animoca Brands, stated that his company plans to increase its portfolio by 30% by 2023, during a speech at the World Economic Forum in Davos.
Hashkey’s Fund III will be used to ‘deploy exceptional crypto- and blockchain initiatives all over the globe, with a focus on emerging markets.
Announcement of the Hashkey Fund III adds:
Fund III will offer institutional-grade exposure for investors to all aspects of crypto and blockchain technologies. This fund will invest in infrastructures, toolsings, and applications with the potential to be adopted by large numbers.
Crunchbase reports that the company currently has 56 investments, which includes investments in Aztec and Cosmos, Coinlist Falcon X, Falcon X, Polkadot and Animoca Brands.
The firm’s Hashkey Digital Asset Group, (HDAG), partnered with ZA International, a Hong Kong-based company, to explore ‘cooperative possibilities on digital assets, Web3, distributed ledger technology, and other areas. HDAG had signed a deal to ‘accelerate digital asset adoption in Hong Kong and Switzerland’ with SEBA Bank a week before partnering with ZA International.