HashKey Capital raised 250 million dollars for crypto.

HashKey Capital demonstrated the continued interest of Asia-based institutional investors in the sector by raising $250 million in the first round of the fundraising process for its fourth crypto fund. The company set a final target of $500 million for the new fund, named HashKey Fintech Multi-Strategy Fund IV. It was stated that the resources 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 real-world applicable, scalable applications. The company emphasized that this approach will not be limited to early-stage projects but will also include mature enterprises.

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 compliance with regulations and corporate use cases.

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

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