HashKey Capital raised 250 million dollars for crypto.

HashKey Capital has demonstrated the continued interest of Asia-based institutional investors in the sector by raising $250 million in the first round of fundraising for its fourth crypto fund. The company has set a final target of $500 million for its new fund, named HashKey Fintech Multi-Strategy Fund IV. It was stated that the capital raised in the first round came from institutional investors, family offices, and high-net-worth individuals.

The investment strategy of the new fund focuses on both public and private markets. HashKey Capital plans to invest in projects that support blockchain infrastructure and scalable applications that can be used in the real world. The company emphasized that this approach would not be limited to early-stage projects but would also include mature ventures.

One of the notable highlights of the fund is crossover investments. HashKey Capital aims to capture value in areas where traditional finance intersects with blockchain finance. This strategy is considered critical in terms of regulatory-compliant products and corporate use cases.

Based in Singapore, HashKey is currently one of the largest digital asset fund managers in Asia. The total asset size managed by the company exceeds $1 billion. Operating under a license in Hong Kong, HashKey has also played a role in the launch of the city's first spot Bitcoin and Ethereum ETFs.

Additionally, HashKey is among the early institutional investors in Ethereum and has managed over $1 billion across more than 400 crypto projects to date. The parent company, HashKey Holdings, attracted attention by going public in Hong Kong this month.